SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Update

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 574,337 shares, an increase of 111.0% from the March 15th total of 272,151 shares. Based on an average daily volume of 7,942,247 shares, the short-interest ratio is presently 0.1 days. Currently, 1.0% of the company’s shares are short sold.

Hedge Funds Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter valued at about $29,000. Richard W. Paul & Associates LLC boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 373.4% in the 4th quarter. Richard W. Paul & Associates LLC now owns 1,671 shares of the company’s stock valued at $38,000 after buying an additional 1,318 shares during the period. International Assets Investment Management LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the 4th quarter valued at about $41,000. Smartleaf Asset Management LLC boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 91.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock valued at $53,000 after buying an additional 1,134 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the 4th quarter valued at about $56,000.

SPDR Portfolio Long Term Corporate Bond ETF Price Performance

Shares of SPLB stock traded up $0.10 during trading hours on Tuesday, reaching $22.55. 2,519,582 shares of the stock were exchanged, compared to its average volume of 5,113,711. SPDR Portfolio Long Term Corporate Bond ETF has a 12-month low of $21.26 and a 12-month high of $23.59. The company’s 50-day moving average price is $22.53 and its 200-day moving average price is $22.78.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.