SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Shares Shorted: Short Interest Up 150.2% in September

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 8,259,634 shares, a growth of 150.2% from the August 31st total of 3,301,749 shares. Based on an average daily volume of 5,222,340 shares, the days-to-cover ratio is currently 1.6 days. Approximately 2.4% of the shares of the company are sold short.

Institutional Trading of SPDR Portfolio Intermediate Term Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,469 shares of the company’s stock worth $283,000 after acquiring an additional 373 shares in the last quarter. OLD Second National Bank of Aurora raised its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 7.6% during the first quarter. OLD Second National Bank of Aurora now owns 5,684 shares of the company’s stock valued at $191,000 after purchasing an additional 400 shares in the last quarter. Alteri Wealth LLC lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.0% during the fourth quarter. Alteri Wealth LLC now owns 9,872 shares of the company’s stock worth $334,000 after purchasing an additional 556 shares during the last quarter. Mascagni Wealth Management Inc. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 2.2% during the fourth quarter. Mascagni Wealth Management Inc. now owns 42,163 shares of the company’s stock worth $1,426,000 after purchasing an additional 925 shares during the last quarter. Finally, Compass Financial Management LLC bought a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth $36,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Up 0.2%

Shares of NYSEARCA SPIB traded up $0.05 during midday trading on Friday, reaching $32.43. The company’s stock had a trading volume of 4,938,220 shares, compared to its average volume of 7,387,584. The business’s 50 day moving average price is $32.97 and its two-hundred day moving average price is $33.28. SPDR Portfolio Intermediate Term Corporate Bond ETF has a fifty-two week low of $32.34 and a fifty-two week high of $34.14.

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.