SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Short Interest Update

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 351,961 shares, a decline of 43.1% from the June 30th total of 618,042 shares. Based on an average trading volume of 2,656,290 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of NYSEARCA SPAB remained flat at $25.16 during midday trading on Thursday. The stock had a trading volume of 1,000,411 shares, compared to its average volume of 3,212,052. The stock has a 50 day moving average of $25.38 and a 200 day moving average of $25.59. SPDR Portfolio Aggregate Bond ETF has a 52-week low of $25.07 and a 52-week high of $26.17.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SPAB. Franklin Resources Inc. purchased a new position in SPDR Portfolio Aggregate Bond ETF in the 2nd quarter worth about $26,000. State Street Corp lifted its position in shares of SPDR Portfolio Aggregate Bond ETF by 103.7% during the second quarter. State Street Corp now owns 23,633,736 shares of the company’s stock valued at $605,024,000 after buying an additional 12,031,034 shares during the last quarter. Main Street Financial Solutions LLC acquired a new position in shares of SPDR Portfolio Aggregate Bond ETF during the second quarter worth $1,227,000. Darwin Wealth Management LLC purchased a new stake in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at about $52,000. Finally, Raymond James Financial Inc. raised its position in shares of SPDR Portfolio Aggregate Bond ETF by 4.1% in the 2nd quarter. Raymond James Financial Inc. now owns 2,867,808 shares of the company’s stock valued at $73,416,000 after purchasing an additional 112,303 shares during the last quarter.

About SPDR Portfolio Aggregate Bond ETF

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.