SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB – Get 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
About SPDR Portfolio Short Term Corporate Bond ETF
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.
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