SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Sees Significant Growth in Short Interest

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 439,502 shares, a growth of 100.4% from the June 30th total of 219,258 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 333,397 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On SPDR Bloomberg Emerging Markets Local Bond ETF

A number of large investors have recently modified their holdings of EBND. Comerica Bank increased its stake in SPDR Bloomberg Emerging Markets Local Bond ETF by 17,042.9% during the 4th quarter. Comerica Bank now owns 861,772 shares of the company’s stock valued at $18,416,000 after purchasing an additional 856,745 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 64.5% in the 1st quarter. Bank of America Corp DE now owns 1,066,926 shares of the company’s stock worth $22,021,000 after acquiring an additional 418,352 shares during the last quarter. Hsbc Holdings PLC bought a new position in SPDR Bloomberg Emerging Markets Local Bond ETF in the 4th quarter valued at about $5,557,000. Hibernia Wealth Partners LLC boosted its stake in SPDR Bloomberg Emerging Markets Local Bond ETF by 95.4% during the 4th quarter. Hibernia Wealth Partners LLC now owns 208,680 shares of the company’s stock valued at $4,459,000 after purchasing an additional 101,863 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in SPDR Bloomberg Emerging Markets Local Bond ETF during the 3rd quarter worth approximately $1,659,000.

SPDR Bloomberg Emerging Markets Local Bond ETF Stock Performance

NYSEARCA:EBND opened at $20.87 on Wednesday. The firm has a fifty day simple moving average of $20.86 and a two-hundred day simple moving average of $21.12. SPDR Bloomberg Emerging Markets Local Bond ETF has a 12 month low of $20.36 and a 12 month high of $21.94.

About SPDR Bloomberg Emerging Markets Local Bond ETF

SPDR Barclays Emerging Markets Local Bond ETF (Fund) seeks to provide investment results that correspond to the price and yield performance of the Index that tracks the fixed-rate local currency sovereign debt of emerging market countries. The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody’s Investor Service, Inc, Standard & Poor’s, Inc and Fitch Inc SSgA Funds Management, Inc serves as the investment adviser to the Fund.