SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Up 80.8% in June

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 6,042,366 shares, an increase of 80.8% from the May 31st total of 3,341,633 shares. Based on an average daily volume of 8,220,459 shares, the short-interest ratio is presently 0.7 days. Approximately 1.8% of the shares of the stock are sold short.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.4%

Shares of SPDR Portfolio Intermediate Term Corporate Bond ETF stock opened at $33.31 on Thursday. The firm’s 50 day moving average is $33.43 and its 200 day moving average is $33.65. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1 year low of $33.15 and a 1 year high of $34.14.

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

A number of hedge funds have recently modified their holdings of SPIB. Baird Financial Group Inc. lifted its holdings in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.9% during the 2nd quarter. Baird Financial Group Inc. now owns 15,370 shares of the company’s stock worth $516,000 after buying an additional 719 shares during the period. NewEdge Advisors LLC grew its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock valued at $2,700,000 after buying an additional 582 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% in the second quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock valued at $181,617,000 after buying an additional 2,537,710 shares during the period. WFA of San Diego LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the second quarter valued at about $40,000. Finally, Fidelity D & D Bancorp Inc. raised its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 10.2% during the second quarter. Fidelity D & D Bancorp Inc. now owns 203,346 shares of the company’s stock worth $6,828,000 after acquiring an additional 18,739 shares during the last quarter.

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.