SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Shares Shorted: Short Interest Up 72.0% in September

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 6,627,679 shares, an increase of 72.0% from the August 31st total of 3,852,656 shares. Based on an average daily trading volume, of 9,583,814 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.8% of the company’s stock are short sold.

SPDR Portfolio Short Term Corporate Bond ETF Trading Down 0.2%

NYSEARCA SPSB traded down $0.05 during trading on Thursday, hitting $29.54. The stock had a trading volume of 2,157,550 shares, compared to its average volume of 4,144,031. The company’s 50-day moving average price is $29.82 and its two-hundred day moving average price is $29.93. SPDR Portfolio Short Term Corporate Bond ETF has a 12 month low of $29.45 and a 12 month high of $30.34.

Institutional Trading of SPDR Portfolio Short Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Lisle Cummings Inc. boosted its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 300.3% during the second quarter. Brown Lisle Cummings Inc. now owns 1,397 shares of the company’s stock worth $42,000 after purchasing an additional 1,048 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 106.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,028 shares of the company’s stock valued at $61,000 after purchasing an additional 1,046 shares in the last quarter. Root Financial Partners LLC increased its stake in SPDR Portfolio Short Term Corporate Bond ETF by 112.2% in the 1st quarter. Root Financial Partners LLC now owns 2,368 shares of the company’s stock valued at $71,000 after buying an additional 1,252 shares during the last quarter. Nalls Sherbakoff Group LLC bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 4th quarter worth about $76,000. Finally, Webster Bank N. A. bought a new stake in SPDR Portfolio Short Term Corporate Bond ETF during the 1st quarter worth about $96,000.

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.