Short Interest in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Drops By 56.9%

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 941 shares, a decline of 56.9% from the May 31st total of 2,185 shares. Based on an average daily trading volume, of 66,050 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Several hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 6.8% in the 4th quarter. CWM LLC now owns 3,802,612 shares of the company’s stock valued at $154,025,000 after purchasing an additional 240,602 shares during the last quarter. Norris Financial Group LLC purchased a new stake in SPDR SSgA Ultra Short Term Bond ETF during the 1st quarter worth approximately $4,305,000. Bank of America Corp DE increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 36.3% during the 2nd quarter. Bank of America Corp DE now owns 273,743 shares of the company’s stock valued at $11,130,000 after purchasing an additional 72,900 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter valued at approximately $2,784,000. Finally, Jane Street Group LLC raised its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 349.1% in the second quarter. Jane Street Group LLC now owns 78,904 shares of the company’s stock worth $3,208,000 after buying an additional 61,333 shares during the last quarter.

SPDR SSgA Ultra Short Term Bond ETF Trading Down 0.0%

SPDR SSgA Ultra Short Term Bond ETF stock opened at $40.42 on Monday. The stock has a 50-day moving average of $40.41 and a two-hundred day moving average of $40.48. SPDR SSgA Ultra Short Term Bond ETF has a one year low of $40.20 and a one year high of $40.72.

About SPDR SSgA Ultra Short Term Bond ETF

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.