SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Short Interest Down 41.1% in August

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 215,411 shares, a decrease of 41.1% from the August 15th total of 365,848 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 187,347 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EBND. Western Wealth Management LLC acquired a new stake in SPDR Bloomberg Emerging Markets Local Bond ETF in the first quarter worth $29,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in SPDR Bloomberg Emerging Markets Local Bond ETF in the fourth quarter valued at $60,000. Root Financial Partners LLC boosted its holdings in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 272.2% during the first quarter. Root Financial Partners LLC now owns 2,996 shares of the company’s stock valued at $62,000 after acquiring an additional 2,191 shares during the period. Allworth Financial LP boosted its holdings in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 200.6% during the fourth quarter. Allworth Financial LP now owns 3,388 shares of the company’s stock valued at $72,000 after acquiring an additional 2,261 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 313.6% during the first quarter. Fifth Third Bancorp now owns 6,283 shares of the company’s stock worth $130,000 after acquiring an additional 4,764 shares during the last quarter.

SPDR Bloomberg Emerging Markets Local Bond ETF Stock Performance

EBND traded down $0.09 during trading hours on Wednesday, hitting $20.72. 203,843 shares of the stock were exchanged, compared to its average volume of 382,643. The stock has a 50-day simple moving average of $21.00 and a 200-day simple moving average of $20.97. 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.