SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 286,238 shares, a drop of 55.8% from the May 31st total of 647,760 shares. Based on an average trading volume of 2,120,317 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Trading of SPDR Portfolio Aggregate Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter worth $26,000. Gould Capital LLC purchased a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the 3rd quarter valued at $26,000. Johnson Financial Group Inc. acquired a new position in SPDR Portfolio Aggregate Bond ETF during the 1st quarter worth about $27,000. Kingdom Financial Group LLC. acquired a new position in SPDR Portfolio Aggregate Bond ETF during the 4th quarter worth about $27,000. Finally, Godfrey Financial Associates Inc. purchased a new position in SPDR Portfolio Aggregate Bond ETF during the 4th quarter valued at about $29,000.
SPDR Portfolio Aggregate Bond ETF Price Performance
Shares of SPDR Portfolio Aggregate Bond ETF stock traded down $0.11 on Tuesday, reaching $25.52. The company had a trading volume of 2,591,837 shares, compared to its average volume of 3,427,666. The firm’s 50 day moving average price is $25.48 and its two-hundred day moving average price is $25.67. SPDR Portfolio Aggregate Bond ETF has a 52-week low of $25.14 and a 52-week high of $26.17.
SPDR Portfolio Aggregate Bond ETF Company Profile
The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.
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