SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Large Drop in Short Interest

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 397,621 shares, a decrease of 55.0% from the July 30th total of 883,319 shares. Based on an average trading volume of 5,041,673 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR Portfolio Aggregate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tucker Asset Management LLC increased its holdings in SPDR Portfolio Aggregate Bond ETF by 496.0% during the second quarter. Tucker Asset Management LLC now owns 24,068 shares of the company’s stock worth $614,000 after buying an additional 20,030 shares during the last quarter. Tobias Financial Advisors Inc. raised its position in SPDR Portfolio Aggregate Bond ETF by 6.0% during the second quarter. Tobias Financial Advisors Inc. now owns 4,428,126 shares of the company’s stock worth $113,006,000 after acquiring an additional 249,337 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at $200,000. Compass Financial Management LLC acquired a new stake in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at $29,000. Finally, Hopwood Nicholas Hunter acquired a new stake in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at $874,000.

SPDR Portfolio Aggregate Bond ETF Stock Performance

NYSEARCA SPAB traded down $0.08 during trading hours on Friday, hitting $25.12. 1,432,265 shares of the company traded hands, compared to its average volume of 3,274,492. The business’s 50-day moving average is $25.25 and its 200-day moving average is $25.50. SPDR Portfolio Aggregate Bond ETF has a twelve month low of $25.03 and a twelve month high of $26.17.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.