Short Interest in SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) Increases By 106.6%

SPDR Bloomberg Emerging Markets Local Bond ETF (NYSEARCA:EBND) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 390,191 shares, an increase of 106.6% from the April 30th total of 188,887 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 290,079 shares, the days-to-cover ratio is currently 1.3 days.

SPDR Bloomberg Emerging Markets Local Bond ETF Stock Up 0.1%

EBND stock opened at $20.94 on Wednesday. The firm’s fifty day simple moving average is $20.93 and its 200-day simple moving average is $21.24. SPDR Bloomberg Emerging Markets Local Bond ETF has a 12 month low of $20.36 and a 12 month high of $21.94.

Hedge Funds Weigh In On SPDR Bloomberg Emerging Markets Local Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Daytona Street Capital LLC purchased a new position in SPDR Bloomberg Emerging Markets Local Bond ETF during the fourth quarter valued at $27,000. Western Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF in the first quarter worth about $29,000. Fifth Third Bancorp lifted its stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 78.1% in the fourth quarter. Fifth Third Bancorp now owns 1,519 shares of the company’s stock worth $32,000 after buying an additional 666 shares in the last quarter. Triumph Capital Management purchased a new position in shares of SPDR Bloomberg Emerging Markets Local Bond ETF in the third quarter worth about $33,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of SPDR Bloomberg Emerging Markets Local Bond ETF by 279.4% in the first quarter. Jones Financial Companies Lllp now owns 1,859 shares of the company’s stock worth $37,000 after buying an additional 1,369 shares in the last quarter.

About SPDR Bloomberg Emerging Markets Local Bond ETF

SPDR Barclays Emerging Markets Local Bond ETF (Fund) seeks to provide investment results that correspond to the price and yield performance of the Index that tracks the fixed-rate local currency sovereign debt of emerging market countries. The Index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. The Index includes government bonds issued by countries outside the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle rating of Moody’s Investor Service, Inc, Standard & Poor’s, Inc and Fitch Inc SSgA Funds Management, Inc serves as the investment adviser to the Fund.