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

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 5,093,255 shares, a drop of 21.3% from the February 26th total of 6,470,936 shares. Based on an average trading volume of 3,226,678 shares, the short-interest ratio is presently 1.6 days. Approximately 1.8% of the shares of the stock are short sold.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.2%

Shares of NYSEARCA SPSB traded up $0.05 during midday trading on Tuesday, hitting $30.07. 5,086,747 shares of the company’s stock were exchanged, compared to its average volume of 3,738,029. The business’s fifty day moving average price is $30.18 and its two-hundred day moving average price is $30.21. SPDR Portfolio Short Term Corporate Bond ETF has a 12-month low of $29.74 and a 12-month high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1063 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in SPSB. Westfuller Advisors LLC bought a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth $27,000. Bessemer Group Inc. bought a new position in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at $30,000. Smartleaf Asset Management LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares in the last quarter. Strive Financial Group LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter valued at about $35,000. Finally, AlphaCore Capital LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth about $37,000.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

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.