Short Interest in SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Declines By 45.3%

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,852,656 shares, a decline of 45.3% from the August 15th total of 7,041,128 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 4,518,139 shares, the days-to-cover ratio is presently 0.9 days.

SPDR Portfolio Short Term Corporate Bond ETF Stock Up 0.0%

SPSB traded up $0.01 during trading on Tuesday, reaching $29.68. The company had a trading volume of 3,905,040 shares, compared to its average volume of 3,832,186. The business has a 50 day simple moving average of $29.89 and a 200-day simple moving average of $29.98. SPDR Portfolio Short Term Corporate Bond ETF has a 52 week low of $29.67 and a 52 week high of $30.34.

Hedge Funds Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

A number of large investors have recently made changes to their positions in the company. Cherry Tree Wealth Management LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.4% in the 2nd quarter. Cherry Tree Wealth Management LLC now owns 732,222 shares of the company’s stock worth $21,974,000 after purchasing an additional 30,918 shares during the period. MCF Advisors LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 15.7% during the second quarter. MCF Advisors LLC now owns 3,503,919 shares of the company’s stock valued at $105,153,000 after buying an additional 475,713 shares during the period. Gemmer Asset Management LLC boosted its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 2.4% during the second quarter. Gemmer Asset Management LLC now owns 847,978 shares of the company’s stock valued at $25,448,000 after buying an additional 19,590 shares during the period. Engineers Gate Manager LP bought a new position in shares of SPDR Portfolio Short Term Corporate Bond ETF during the second quarter valued at approximately $1,467,000. Finally, Capital Analysts LLC grew its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 71.8% during the second quarter. Capital Analysts LLC now owns 11,810 shares of the company’s stock valued at $355,000 after buying an additional 4,936 shares during the last quarter.

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.