SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Update

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 3,341,633 shares, a decline of 48.0% from the May 14th total of 6,421,794 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,637,211 shares, the short-interest ratio is currently 0.5 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

Shares of NYSEARCA:SPIB traded down $0.02 during mid-day trading on Friday, reaching $33.40. The stock had a trading volume of 5,545,818 shares, compared to its average volume of 8,135,541. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1 year low of $33.15 and a 1 year high of $34.14. The business’s 50 day moving average price is $33.48 and its 200 day moving average price is $33.69.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Family Investments Inc. raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 81.1% during the third quarter. American Family Investments Inc. now owns 9,604,000 shares of the company’s stock valued at $325,480,000 after purchasing an additional 4,300,000 shares during the period. Ameriprise Financial Inc. raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% during the second quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock valued at $181,617,000 after purchasing an additional 2,537,710 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 8.2% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 953,744 shares of the company’s stock valued at $32,246,000 after purchasing an additional 72,078 shares during the period. RMG Wealth Management LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the first quarter valued at approximately $29,366,000. Finally, Bartlett & CO. Wealth Management LLC raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 25.5% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 847,751 shares of the company’s stock valued at $28,408,000 after purchasing an additional 172,378 shares during the period.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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.