SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,510,430 shares, an increase of 1,581.4% from the June 15th total of 208,777 shares. Currently, 4.8% of the company’s stock are short sold. Based on an average trading volume of 898,245 shares, the short-interest ratio is currently 3.9 days.
SPDR Portfolio Corporate Bond ETF Stock Down 0.2%
SPDR Portfolio Corporate Bond ETF stock traded down $0.05 during trading hours on Friday, reaching $28.70. 776,987 shares of the company were exchanged, compared to its average volume of 688,275. SPDR Portfolio Corporate Bond ETF has a 12 month low of $28.57 and a 12 month high of $29.93. The stock has a 50-day moving average of $28.94 and a 200 day moving average of $29.17.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of SPDR Portfolio Corporate Bond ETF by 82.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock valued at $26,000 after purchasing an additional 398 shares during the last quarter. SHP Wealth Management bought a new stake in SPDR Portfolio Corporate Bond ETF during the 4th quarter valued at approximately $38,000. Creative Capital Management Investments LLC bought a new stake in SPDR Portfolio Corporate Bond ETF during the 1st quarter valued at approximately $39,000. Advisory Services Network LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at approximately $49,000. Finally, Eastern Bank acquired a new stake in SPDR Portfolio Corporate Bond ETF in the 4th quarter valued at approximately $53,000.
About SPDR Portfolio Corporate Bond ETF
The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.
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