Short Interest in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Decreases By 57.7%

by · The Markets Daily

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 208,777 shares, a decline of 57.7% from the May 31st total of 493,758 shares. Based on an average trading volume of 498,301 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPBO. Northwestern Mutual Wealth Management Co. boosted its stake in shares of SPDR Portfolio Corporate Bond ETF by 82.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after buying an additional 398 shares during the period. SHP Wealth Management acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF during the fourth quarter worth $38,000. Creative Capital Management Investments LLC purchased a new position in SPDR Portfolio Corporate Bond ETF in the 1st quarter valued at $39,000. Advisory Services Network LLC acquired a new position in SPDR Portfolio Corporate Bond ETF in the 3rd quarter valued at $49,000. Finally, Eastern Bank purchased a new position in SPDR Portfolio Corporate Bond ETF during the 4th quarter worth $53,000.

SPDR Portfolio Corporate Bond ETF Stock Down 0.5%

Shares of SPBO traded down $0.15 during midday trading on Wednesday, reaching $28.89. 625,977 shares of the stock were exchanged, compared to its average volume of 681,999. SPDR Portfolio Corporate Bond ETF has a twelve month low of $28.57 and a twelve month high of $29.93. The business’s 50-day moving average price is $28.99 and its 200 day moving average price is $29.20.

About SPDR Portfolio Corporate Bond ETF

(Get Free Report)

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.

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