Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Decreases By 40.7%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIBGet Free Report) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 3,583,178 shares, a drop of 40.7% from the June 15th total of 6,042,366 shares. Based on an average trading volume of 8,038,323 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.0% of the shares of the company are short sold.

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

Large investors have recently modified their holdings of the business. Triumph Capital Management purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter valued at approximately $28,000. Elyxium Wealth LLC bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at $28,000. WFA of San Diego LLC bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter valued at $40,000. Horizon Investments LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth $45,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth $104,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF stock opened at $33.27 on Friday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52-week low of $33.13 and a 52-week high of $34.14. The stock’s 50-day simple moving average is $33.36 and its 200 day simple moving average is $33.60.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.

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