SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw strong trading volume on Monday . 565,715 shares traded hands during trading, an increase of 342% from the previous session’s volume of 127,946 shares.The stock last traded at $40.56 and had previously closed at $40.53.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

The business’s 50 day moving average is $40.48 and its two-hundred day moving average is $40.54.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in SPDR SSgA Ultra Short Term Bond ETF by 10.9% during the 4th quarter. Bank of America Corp DE now owns 213,745 shares of the company’s stock valued at $8,637,000 after buying an additional 20,930 shares in the last quarter. BIP Wealth LLC grew its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.8% during the fourth quarter. BIP Wealth LLC now owns 500,490 shares of the company’s stock valued at $20,225,000 after acquiring an additional 31,818 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in SPDR SSgA Ultra Short Term Bond ETF in the 4th quarter valued at $231,000. Jane Street Group LLC increased its holdings in SPDR SSgA Ultra Short Term Bond ETF by 92.2% in the 4th quarter. Jane Street Group LLC now owns 22,622 shares of the company’s stock valued at $914,000 after acquiring an additional 10,855 shares during the last quarter. Finally, Comerica Bank lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 3.8% in the 4th quarter. Comerica Bank now owns 10,081 shares of the company’s stock worth $407,000 after purchasing an additional 373 shares in the last quarter.

About SPDR SSgA Ultra Short Term Bond ETF

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months.