SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Unusually-High Trading Volume – Here’s Why

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw strong trading volume on Monday . 1,220,472 shares changed hands during mid-day trading, an increase of 869% from the previous session’s volume of 125,891 shares.The stock last traded at $40.40 and had previously closed at $40.39.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The stock’s 50 day moving average is $40.44 and its 200-day moving average is $40.53.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Trilogy Capital Inc. lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 4.1% in the 1st quarter. Trilogy Capital Inc. now owns 10,080 shares of the company’s stock valued at $408,000 after acquiring an additional 400 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 2.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 18,434 shares of the company’s stock valued at $747,000 after acquiring an additional 418 shares in the last quarter. CGN Advisors LLC lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 1.6% in the 4th quarter. CGN Advisors LLC now owns 28,376 shares of the company’s stock valued at $1,149,000 after acquiring an additional 441 shares in the last quarter. Ameriprise Financial Inc. lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 8.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,201 shares of the company’s stock valued at $252,000 after acquiring an additional 492 shares in the last quarter. Finally, Assetmark Inc. bought a new position in SPDR SSgA Ultra Short Term Bond ETF in the 3rd quarter valued at approximately $31,000.

About SPDR SSgA Ultra Short Term Bond ETF

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.