SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Large Increase in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 21,143 shares, a growth of 127.0% from the May 14th total of 9,314 shares. Based on an average daily trading volume, of 78,468 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

SPDR Bloomberg International Corporate Bond ETF Trading Up 0.1%

NYSEARCA:IBND traded up $0.04 during mid-day trading on Friday, reaching $31.45. The stock had a trading volume of 53,382 shares, compared to its average volume of 134,303. The business’s 50 day moving average is $31.55 and its 200 day moving average is $31.85. SPDR Bloomberg International Corporate Bond ETF has a fifty-two week low of $30.65 and a fifty-two week high of $33.20.

Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in IBND. Israel Discount Bank of New York acquired a new stake in shares of SPDR Bloomberg International Corporate Bond ETF in the third quarter worth about $2,078,000. Farther Finance Advisors LLC lifted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 26.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,285,819 shares of the company’s stock worth $41,288,000 after purchasing an additional 272,654 shares during the last quarter. Aspect Partners LLC acquired a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 4th quarter worth about $2,038,000. PNC Financial Services Group Inc. acquired a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 3rd quarter worth about $758,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 35.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 89,507 shares of the company’s stock worth $2,890,000 after purchasing an additional 23,276 shares during the last quarter.

SPDR Bloomberg International Corporate Bond ETF Company Profile

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.