SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Up 64.2% in February

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 496,856 shares, a growth of 64.2% from the January 29th total of 302,521 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 4,506,231 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 4,506,231 shares, the short-interest ratio is currently 0.1 days. Approximately 0.9% of the company’s stock are short sold.

SPDR Portfolio Long Term Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA SPLB traded down $0.02 during mid-day trading on Friday, reaching $23.01. The company had a trading volume of 2,917,871 shares, compared to its average volume of 3,888,474. SPDR Portfolio Long Term Corporate Bond ETF has a twelve month low of $21.01 and a twelve month high of $23.59. The stock’s 50 day moving average is $22.78 and its 200-day moving average is $22.90.

SPDR Portfolio Long Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.103 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from SPDR Portfolio Long Term Corporate Bond ETF’s previous monthly dividend of $0.10.

Institutional Investors Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

Several large investors have recently made changes to their positions in the company. Strive Financial Group LLC acquired a new position in SPDR Portfolio Long Term Corporate Bond ETF in the fourth quarter worth approximately $415,000. Caitlin John LLC grew its position in SPDR Portfolio Long Term Corporate Bond ETF by 164.8% in the fourth quarter. Caitlin John LLC now owns 190,077 shares of the company’s stock worth $4,292,000 after acquiring an additional 118,289 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 483.8% during the 4th quarter. NewEdge Advisors LLC now owns 41,749 shares of the company’s stock worth $943,000 after purchasing an additional 34,598 shares during the last quarter. KKM Financial LLC raised its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.8% during the 4th quarter. KKM Financial LLC now owns 34,150 shares of the company’s stock valued at $771,000 after purchasing an additional 2,165 shares in the last quarter. Finally, Gotham Asset Management LLC raised its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 26.7% during the 4th quarter. Gotham Asset Management LLC now owns 470,384 shares of the company’s stock valued at $10,621,000 after purchasing an additional 99,162 shares in the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.