SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sees Significant Decline in Short Interest

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 3,301,749 shares, a drop of 70.3% from the August 15th total of 11,125,230 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 6,355,110 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Large investors have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter worth $28,000. Triumph Capital Management bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter valued at $28,000. Compass Financial Management LLC bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter valued at $36,000. WFA of San Diego LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth $40,000. Finally, Nemes Rush Group LLC acquired a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth $104,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Price Performance

SPIB stock traded down $0.03 during midday trading on Friday, reaching $32.63. The stock had a trading volume of 3,857,121 shares, compared to its average volume of 7,456,857. SPDR Portfolio Intermediate Term Corporate Bond ETF has a twelve month low of $32.63 and a twelve month high of $34.14. The business has a fifty day simple moving average of $33.10 and a two-hundred day simple moving average of $33.38.

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.