SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Large Drop in Short Interest

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 661 shares, a decline of 90.8% from the August 15th total of 7,202 shares. Based on an average daily volume of 77,040 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

SPDR SSgA Ultra Short Term Bond ETF Trading Down 0.0%

ULST stock traded down $0.01 during trading on Thursday, hitting $40.27. 35,587 shares of the stock traded hands, compared to its average volume of 109,209. SPDR SSgA Ultra Short Term Bond ETF has a one year low of $40.20 and a one year high of $40.72. The company has a 50 day simple moving average of $40.34 and a 200 day simple moving average of $40.40.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BIP Wealth LLC boosted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 3.7% in the 1st quarter. BIP Wealth LLC now owns 588,178 shares of the company’s stock worth $23,821,000 after acquiring an additional 21,195 shares in the last quarter. Bank of America Corp DE increased its holdings in SPDR SSgA Ultra Short Term Bond ETF by 6.5% during the 1st quarter. Bank of America Corp DE now owns 277,650 shares of the company’s stock valued at $11,245,000 after purchasing an additional 16,998 shares in the last quarter. ORBA Wealth Advisors L.L.C. raised its position in SPDR SSgA Ultra Short Term Bond ETF by 26.0% in the 4th quarter. ORBA Wealth Advisors L.L.C. now owns 182,305 shares of the company’s stock valued at $7,384,000 after purchasing an additional 37,613 shares during the last quarter. AQR Capital Management LLC raised its position in SPDR SSgA Ultra Short Term Bond ETF by 40.0% in the 2nd quarter. AQR Capital Management LLC now owns 148,419 shares of the company’s stock valued at $6,035,000 after purchasing an additional 42,435 shares during the last quarter. Finally, Norris Financial Group LLC acquired a new position in SPDR SSgA Ultra Short Term Bond ETF in the first quarter worth $4,305,000.

About SPDR SSgA Ultra Short Term Bond ETF

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.