Short Interest in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Drops By 21.3%

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSBGet Free Report) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 5,093,255 shares, a decline of 21.3% from the February 26th total of 6,470,936 shares. Based on an average daily volume of 3,226,678 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SPSB. Westfuller Advisors LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the 3rd quarter worth approximately $27,000. Bessemer Group Inc. acquired a new stake in shares of SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at approximately $30,000. Smartleaf Asset Management LLC increased its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% in the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $31,000 after purchasing an additional 1,002 shares during the last quarter. Strive Financial Group LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the fourth quarter worth approximately $35,000. Finally, AlphaCore Capital LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth approximately $37,000.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.1%

SPDR Portfolio Short Term Corporate Bond ETF stock opened at $29.98 on Friday. The company has a fifty day simple moving average of $30.19 and a 200-day simple moving average of $30.21. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.74 and a 52-week high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.1063 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, March 2nd.

About SPDR Portfolio Short Term Corporate Bond ETF

(Get Free Report)

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.

See Also

Receive News & Ratings for SPDR Portfolio Short Term Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Short Term Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.