SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Shares Shorted: Short Interest Up 187.0% in September

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 1,352,940 shares, a growth of 187.0% from the September 15th total of 471,476 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average trading volume of 2,987,867 shares, the days-to-cover ratio is currently 0.5 days.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.0%

Shares of SPLB opened at $20.50 on Wednesday. The business’s fifty day simple moving average is $21.08 and its two-hundred day simple moving average is $21.78. SPDR Portfolio Long Term Corporate Bond ETF has a 12 month low of $20.09 and a 12 month high of $23.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SPLB. Sona Asset Management US LLC purchased a new position in SPDR Portfolio Long Term Corporate Bond ETF in the 1st quarter worth about $52,106,000. Rockland Trust Co. purchased a new stake in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 3rd quarter valued at about $43,929,000. Envestnet Asset Management Inc. grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 42.5% in the second quarter. Envestnet Asset Management Inc. now owns 4,627,182 shares of the company’s stock worth $103,649,000 after acquiring an additional 1,381,130 shares during the period. Cetera Investment Advisers grew its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 303.0% in the first quarter. Cetera Investment Advisers now owns 518,888 shares of the company’s stock worth $11,530,000 after acquiring an additional 390,127 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of SPDR Portfolio Long Term Corporate Bond ETF by 142.2% during the first quarter. Assetmark Inc. now owns 535,588 shares of the company’s stock valued at $11,901,000 after purchasing an additional 314,468 shares during the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.