SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Significant Increase in Short Interest

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,066 shares, a growth of 61.3% from the August 31st total of 661 shares. Based on an average daily volume of 100,177 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Continuum Advisory LLC acquired a new stake in SPDR SSgA Ultra Short Term Bond ETF in the second quarter worth about $45,000. Ameritas Advisory Services LLC acquired a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the second quarter valued at about $88,000. Lane Brothers & Co. Inc. purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 4th quarter valued at approximately $233,000. ZEGA Investments LLC purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 2nd quarter valued at approximately $325,000. Finally, January Capital Advisors LLC purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 1st quarter valued at approximately $361,000.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

Shares of ULST traded down $0.11 during midday trading on Thursday, hitting $40.13. 62,124 shares of the company’s stock traded hands, compared to its average volume of 105,951. SPDR SSgA Ultra Short Term Bond ETF has a 1 year low of $40.11 and a 1 year high of $40.72. The firm’s fifty day moving average is $40.31 and its 200-day moving average is $40.37.

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.