SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Update

by · The Markets Daily

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 8,259,634 shares, an increase of 150.2% from the August 31st total of 3,301,749 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average trading volume of 5,222,340 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

Hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in SPDR Portfolio Intermediate Term Corporate Bond ETF by 4.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,469 shares of the company’s stock valued at $283,000 after buying an additional 373 shares during the period. OLD Second National Bank of Aurora grew its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 7.6% in the 1st quarter. OLD Second National Bank of Aurora now owns 5,684 shares of the company’s stock worth $191,000 after buying an additional 400 shares during the period. Alteri Wealth LLC increased its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.0% in the 4th quarter. Alteri Wealth LLC now owns 9,872 shares of the company’s stock worth $334,000 after acquiring an additional 556 shares in the last quarter. Mascagni Wealth Management Inc. increased its stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 2.2% in the 4th quarter. Mascagni Wealth Management Inc. now owns 42,163 shares of the company’s stock worth $1,426,000 after acquiring an additional 925 shares in the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth about $36,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Down 0.4%

Shares of SPIB stock traded down $0.13 during midday trading on Monday, reaching $32.30. 5,226,581 shares of the stock were exchanged, compared to its average volume of 7,375,903. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1 year low of $32.20 and a 1 year high of $34.14. The company’s 50 day moving average is $32.95 and its two-hundred day moving average is $33.27.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

(Get Free Report)

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.

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