SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Significant Increase in Short Interest

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 8,171,597 shares, a growth of 60.4% from the March 15th total of 5,093,255 shares. Based on an average daily volume of 8,877,696 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.5% of the company’s shares are short sold.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB stock traded up $0.02 during mid-day trading on Monday, hitting $30.07. 3,458,070 shares of the company’s stock were exchanged, compared to its average volume of 3,720,534. SPDR Portfolio Short Term Corporate Bond ETF has a fifty-two week low of $29.82 and a fifty-two week high of $30.34. The stock has a 50-day simple moving average of $30.14 and a two-hundred day simple moving average of $30.20.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the company. Westfuller Advisors LLC purchased a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth approximately $27,000. Bessemer Group Inc. acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the third quarter worth about $30,000. Smartleaf Asset Management LLC lifted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2,862.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $31,000 after purchasing an additional 1,002 shares in the last quarter. Strive Financial Group LLC acquired a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF in the fourth quarter worth about $35,000. Finally, AlphaCore Capital LLC purchased a new position in SPDR Portfolio Short Term Corporate Bond ETF in the third quarter valued at about $37,000.

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.