SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Large Volume Increase – Here’s What Happened

Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw strong trading volume on Wednesday . 9,635,415 shares traded hands during trading, an increase of 360% from the previous session’s volume of 2,096,021 shares.The stock last traded at $29.99 and had previously closed at $30.01.

SPDR Portfolio Short Term Corporate Bond ETF Stock Performance

The business has a 50 day simple moving average of $29.92 and a 200-day simple moving average of $30.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Continuum Advisory LLC boosted its position in SPDR Portfolio Short Term Corporate Bond ETF by 113.0% during the fourth quarter. Continuum Advisory LLC now owns 1,987 shares of the company’s stock valued at $59,000 after purchasing an additional 1,054 shares during the last quarter. MainStreet Investment Advisors LLC increased its holdings in SPDR Portfolio Short Term Corporate Bond ETF by 18.1% in the fourth quarter. MainStreet Investment Advisors LLC now owns 53,227 shares of the company’s stock worth $1,589,000 after buying an additional 8,161 shares during the last quarter. Fairview Capital Investment Management LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.8% during the fourth quarter. Fairview Capital Investment Management LLC now owns 295,579 shares of the company’s stock valued at $8,826,000 after acquiring an additional 13,659 shares in the last quarter. Captrust Financial Advisors grew its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.6% in the fourth quarter. Captrust Financial Advisors now owns 43,198 shares of the company’s stock worth $1,290,000 after acquiring an additional 1,905 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 5.3% during the 4th quarter. Baird Financial Group Inc. now owns 3,892,091 shares of the company’s stock worth $116,218,000 after purchasing an additional 194,695 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

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.