Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Declines By 38.5%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 4,294,614 shares, a decline of 38.5% from the April 15th total of 6,981,209 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 8,700,419 shares, the short-interest ratio is currently 0.5 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA:SPIB traded down $0.04 during trading hours on Monday, hitting $33.26. The company’s stock had a trading volume of 4,404,148 shares, compared to its average volume of 8,212,118. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 52 week low of $32.92 and a 52 week high of $34.14. The firm’s fifty day moving average price is $33.53 and its 200 day moving average price is $33.75.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SPIB. Triumph Capital Management bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter worth approximately $28,000. Elyxium Wealth LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter worth approximately $28,000. WFA of San Diego LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth approximately $40,000. Horizon Investments LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 4th quarter valued at approximately $45,000. Finally, Root Financial Partners LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter valued at approximately $48,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

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.