SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Stock Short Interest Falls 40.1%

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 56,991 shares, a decline of 40.1% from the September 30th total of 95,212 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 77,805 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On SPDR Bloomberg International Corporate Bond ETF

Several large investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its stake in SPDR Bloomberg International Corporate Bond ETF by 14.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,356,092 shares of the company’s stock valued at $70,400,000 after acquiring an additional 304,171 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 46.0% in the first quarter. Bank of America Corp DE now owns 367,731 shares of the company’s stock valued at $11,429,000 after purchasing an additional 115,833 shares in the last quarter. Leo Wealth LLC purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF in the third quarter valued at about $2,924,000. Summit Global Investments purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF in the first quarter valued at about $2,259,000. Finally, Royal Bank of Canada grew its position in shares of SPDR Bloomberg International Corporate Bond ETF by 52.4% in the first quarter. Royal Bank of Canada now owns 181,543 shares of the company’s stock valued at $5,643,000 after purchasing an additional 62,399 shares during the last quarter.

SPDR Bloomberg International Corporate Bond ETF Trading Down 0.1%

Shares of IBND traded down $0.04 during midday trading on Tuesday, hitting $29.64. 25,751 shares of the stock were exchanged, compared to its average volume of 107,052. The stock has a fifty day simple moving average of $30.19 and a 200 day simple moving average of $31.21. SPDR Bloomberg International Corporate Bond ETF has a 52-week low of $29.38 and a 52-week high of $33.20.

About SPDR Bloomberg International Corporate Bond ETF

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.