SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Update

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 872,506 shares, a growth of 910.3% from the February 12th total of 86,364 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 643,462 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 643,462 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 15.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock worth $217,450,000 after purchasing an additional 988,964 shares in the last quarter. LPL Financial LLC grew its position in SPDR Portfolio Corporate Bond ETF by 3.4% in the fourth quarter. LPL Financial LLC now owns 3,029,120 shares of the company’s stock worth $88,874,000 after buying an additional 100,339 shares during the last quarter. Bank of America Corp DE grew its position in SPDR Portfolio Corporate Bond ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 2,727,109 shares of the company’s stock worth $80,804,000 after buying an additional 24,949 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of SPDR Portfolio Corporate Bond ETF by 58.0% in the third quarter. Exchange Traded Concepts LLC now owns 2,361,743 shares of the company’s stock valued at $69,978,000 after buying an additional 866,827 shares in the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of SPDR Portfolio Corporate Bond ETF by 13.7% in the fourth quarter. AE Wealth Management LLC now owns 1,974,900 shares of the company’s stock valued at $57,944,000 after buying an additional 237,241 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Performance

SPBO traded down $0.16 on Tuesday, reaching $29.27. The company had a trading volume of 543,148 shares, compared to its average volume of 548,310. The company has a fifty day moving average of $29.47 and a 200-day moving average of $29.51. SPDR Portfolio Corporate Bond ETF has a one year low of $27.84 and a one year high of $29.93.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1225 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, March 2nd.

SPDR Portfolio Corporate Bond ETF Company Profile

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.