SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Unusually-High Trading Volume – Here’s Why

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULSTGet Free Report) saw an uptick in trading volume on Monday . 1,220,472 shares traded hands during trading, an increase of 869% from the previous session’s volume of 125,891 shares.The stock last traded at $40.40 and had previously closed at $40.39.

SPDR SSgA Ultra Short Term Bond ETF Trading Up 0.0%

The stock’s 50-day simple moving average is $40.44 and its 200-day simple moving average is $40.52.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. January Capital Advisors LLC purchased a new position in SPDR SSgA Ultra Short Term Bond ETF during the 1st quarter valued at $361,000. Norris Financial Group LLC purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the 1st quarter worth about $4,305,000. Bank of America Corp DE grew its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 6.5% in the 1st quarter. Bank of America Corp DE now owns 277,650 shares of the company’s stock worth $11,245,000 after buying an additional 16,998 shares during the period. Cetera Investment Advisers grew its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 31.0% in the 1st quarter. Cetera Investment Advisers now owns 9,743 shares of the company’s stock worth $395,000 after buying an additional 2,307 shares during the period. Finally, Independent Financial Group LLC purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the 1st quarter worth about $413,000.

SPDR SSgA Ultra Short Term Bond ETF Company Profile

(Get Free Report)

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. ULST was launched on Oct 9, 2013 and is managed by State Street.

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