Short Interest in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Declines By 45.3%

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,852,656 shares, a decline of 45.3% from the August 15th total of 7,041,128 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 4,518,139 shares, the days-to-cover ratio is presently 0.9 days.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of NYSEARCA SPSB traded up $0.01 during midday trading on Tuesday, hitting $29.68. 3,905,040 shares of the company’s stock traded hands, compared to its average volume of 3,832,186. The firm has a fifty day moving average of $29.89 and a 200 day moving average of $29.98. SPDR Portfolio Short Term Corporate Bond ETF has a 1 year low of $29.67 and a 1 year high of $30.34.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC lifted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.4% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 732,222 shares of the company’s stock valued at $21,974,000 after acquiring an additional 30,918 shares during the last quarter. MCF Advisors LLC grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 15.7% in the second quarter. MCF Advisors LLC now owns 3,503,919 shares of the company’s stock worth $105,153,000 after acquiring an additional 475,713 shares in the last quarter. Gemmer Asset Management LLC increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 2.4% during the second quarter. Gemmer Asset Management LLC now owns 847,978 shares of the company’s stock worth $25,448,000 after acquiring an additional 19,590 shares during the last quarter. Engineers Gate Manager LP bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the second quarter worth approximately $1,467,000. Finally, Capital Analysts LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 71.8% during the second quarter. Capital Analysts LLC now owns 11,810 shares of the company’s stock valued at $355,000 after purchasing an additional 4,936 shares during the period.

About SPDR Portfolio Short Term Corporate Bond ETF

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.