SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Stock Short Interest Falls 55.6%

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,939,484 shares, a drop of 55.6% from the September 15th total of 6,627,679 shares. Based on an average trading volume of 9,146,474 shares, the short-interest ratio is presently 0.3 days. Currently, 0.8% of the shares of the company are short sold.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stone Summit Wealth LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 124.4% in the third quarter. Stone Summit Wealth LLC now owns 162,067 shares of the company’s stock worth $4,796,000 after purchasing an additional 89,855 shares during the last quarter. GEM Asset Management LLC increased its position in SPDR Portfolio Short Term Corporate Bond ETF by 28.2% during the third quarter. GEM Asset Management LLC now owns 110,832 shares of the company’s stock valued at $3,280,000 after acquiring an additional 24,402 shares during the last quarter. Cooke Wealth Management LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 0.5% in the 3rd quarter. Cooke Wealth Management LLC now owns 259,771 shares of the company’s stock worth $7,687,000 after purchasing an additional 1,227 shares during the period. Fragasso Financial Advisors Inc bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth approximately $2,562,000. Finally, Avior Wealth Management LLC bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the 3rd quarter valued at $3,538,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

Shares of NYSEARCA SPSB traded down $0.01 during midday trading on Wednesday, reaching $29.59. The stock had a trading volume of 5,260,493 shares, compared to its average volume of 4,116,248. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.45 and a 12-month high of $30.34. The stock has a 50-day moving average of $29.76 and a 200-day moving average of $29.91.

About SPDR Portfolio Short Term Corporate Bond ETF

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.