SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Down 28.6% in October

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 619,800 shares, a decline of 28.6% from the September 30th total of 868,300 shares. Based on an average daily trading volume, of 3,534,100 shares, the short-interest ratio is presently 0.2 days. Currently, 1.5% of the shares of the company are sold short. Currently, 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 3,534,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPLB. RMG Wealth Management LLC purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 2nd quarter valued at about $46,400,000. State Street Corp raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.2% during the 2nd quarter. State Street Corp now owns 7,315,006 shares of the company’s stock valued at $165,100,000 after buying an additional 427,047 shares during the last quarter. Spectrum Wealth Advisory Group LLC purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 2nd quarter valued at about $5,647,000. Arrien Investments Inc. raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 108.5% during the 3rd quarter. Arrien Investments Inc. now owns 352,979 shares of the company’s stock valued at $8,161,000 after buying an additional 183,681 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 2nd quarter valued at about $3,862,000.

SPDR Portfolio Long Term Corporate Bond ETF Trading Down 1.0%

Shares of NYSEARCA:SPLB traded down $0.24 on Monday, hitting $22.81. 4,617,674 shares of the company were exchanged, compared to its average volume of 2,804,414. SPDR Portfolio Long Term Corporate Bond ETF has a 1-year low of $21.01 and a 1-year high of $23.63. The stock’s 50 day moving average price is $23.11 and its 200 day moving average price is $22.49.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.