Short Interest in SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Declines By 33.5%

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 728,557 shares, a decline of 33.5% from the July 30th total of 1,095,031 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 2,760,695 shares, the short-interest ratio is currently 0.3 days.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

NYSEARCA:SPLB opened at $21.25 on Thursday. SPDR Portfolio Long Term Corporate Bond ETF has a fifty-two week low of $21.13 and a fifty-two week high of $23.59. The business has a 50 day moving average price of $21.69 and a 200-day moving average price of $22.14.

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

Several institutional investors have recently added to or reduced their stakes in SPLB. Brown Lisle Cummings Inc. grew its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 146.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,472 shares of the company’s stock worth $55,000 after acquiring an additional 1,468 shares during the last quarter. Triumph Capital Management raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 31.7% during the second quarter. Triumph Capital Management now owns 3,913 shares of the company’s stock valued at $88,000 after acquiring an additional 942 shares during the last quarter. HF Advisory Group LLC boosted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.8% during the second quarter. HF Advisory Group LLC now owns 15,418 shares of the company’s stock worth $345,000 after purchasing an additional 982 shares during the period. Roan Capital Partners boosted its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 7.0% during the second quarter. Roan Capital Partners now owns 175,836 shares of the company’s stock worth $3,939,000 after purchasing an additional 11,496 shares during the period. Finally, Rockland Trust Co. grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 4.7% in the second quarter. Rockland Trust Co. now owns 2,029,619 shares of the company’s stock worth $45,463,000 after purchasing an additional 90,227 shares during 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.