SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Large Growth in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 207,291 shares, an increase of 609.9% from the August 31st total of 29,199 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 85,302 shares, the short-interest ratio is presently 2.4 days.

SPDR Bloomberg International Corporate Bond ETF Stock Down 0.1%

IBND stock traded down $0.04 during trading on Thursday, hitting $30.01. 85,407 shares of the company traded hands, compared to its average volume of 109,059. SPDR Bloomberg International Corporate Bond ETF has a 1 year low of $29.93 and a 1 year high of $33.20. The stock’s 50-day simple moving average is $30.92 and its 200 day simple moving average is $31.20.

Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF

Several large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 10.9% during the 2nd quarter. State Street Corp now owns 238,685 shares of the company’s stock worth $7,442,000 after acquiring an additional 23,489 shares in the last quarter. Hyundai Investments Co. Ltd. increased its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 10.4% in the 2nd quarter. Hyundai Investments Co. Ltd. now owns 20,684 shares of the company’s stock valued at $646,000 after purchasing an additional 1,948 shares in the last quarter. Red Lighthouse Investment Management LLC raised its holdings in SPDR Bloomberg International Corporate Bond ETF by 9.8% in the 2nd quarter. Red Lighthouse Investment Management LLC now owns 9,780 shares of the company’s stock worth $305,000 after purchasing an additional 869 shares during the period. Fiduciary Financial Group LLC purchased a new position in SPDR Bloomberg International Corporate Bond ETF during the second quarter worth approximately $234,000. Finally, Israel Discount Bank of New York grew its holdings in SPDR Bloomberg International Corporate Bond ETF by 12.3% in the second quarter. Israel Discount Bank of New York now owns 205,477 shares of the company’s stock valued at $6,407,000 after purchasing an additional 22,534 shares during the period.

SPDR Bloomberg International Corporate Bond ETF Company Profile

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.