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

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 208,777 shares, a drop of 57.7% from the May 31st total of 493,758 shares. Based on an average trading volume of 498,301 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

SPDR Portfolio Corporate Bond ETF Stock Performance

NYSEARCA:SPBO traded down $0.15 during trading hours on Tuesday, reaching $29.04. 912,690 shares of the company were exchanged, compared to its average volume of 683,642. The stock’s 50-day moving average is $29.00 and its 200-day moving average is $29.21. SPDR Portfolio Corporate Bond ETF has a twelve month low of $28.57 and a twelve month high of $29.93.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Arkansas Financial Group Inc. raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 12.6% during the fourth quarter. Arkansas Financial Group Inc. now owns 820,153 shares of the company’s stock valued at $24,063,000 after acquiring an additional 91,532 shares during the last quarter. Valmark Advisers Inc. increased its position in shares of SPDR Portfolio Corporate Bond ETF by 75.1% during the fourth quarter. Valmark Advisers Inc. now owns 358,456 shares of the company’s stock worth $10,517,000 after purchasing an additional 153,695 shares in the last quarter. Mach 1 Financial Group LLC purchased a new stake in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter worth approximately $1,166,000. Summit Financial Wealth Advisors LLC raised its stake in SPDR Portfolio Corporate Bond ETF by 12.1% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 1,027,716 shares of the company’s stock valued at $30,153,000 after purchasing an additional 110,788 shares during the last quarter. Finally, Breakwater Capital Group raised its stake in SPDR Portfolio Corporate Bond ETF by 19.2% in the 4th quarter. Breakwater Capital Group now owns 200,119 shares of the company’s stock valued at $5,871,000 after purchasing an additional 32,254 shares during the last quarter.

About SPDR Portfolio Corporate Bond ETF

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.