SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Large Decline in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 24,899 shares, a drop of 59.2% from the July 15th total of 60,970 shares. Based on an average daily volume of 62,577 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Fiduciary Financial Group LLC bought a new stake in shares of SPDR Bloomberg International Corporate Bond ETF during the 2nd quarter valued at about $234,000. Israel Discount Bank of New York lifted its holdings in SPDR Bloomberg International Corporate Bond ETF by 12.3% in the second quarter. Israel Discount Bank of New York now owns 205,477 shares of the company’s stock worth $6,407,000 after acquiring an additional 22,534 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in SPDR Bloomberg International Corporate Bond ETF in the second quarter valued at approximately $213,000. Rathbones Group PLC boosted its stake in SPDR Bloomberg International Corporate Bond ETF by 2.0% in the first quarter. Rathbones Group PLC now owns 122,142 shares of the company’s stock valued at $3,796,000 after acquiring an additional 2,349 shares during the period. Finally, Bank of America Corp DE boosted its stake in SPDR Bloomberg International Corporate Bond ETF by 46.0% in the first quarter. Bank of America Corp DE now owns 367,731 shares of the company’s stock valued at $11,429,000 after acquiring an additional 115,833 shares during the period.

SPDR Bloomberg International Corporate Bond ETF Stock Performance

SPDR Bloomberg International Corporate Bond ETF stock traded up $0.01 during mid-day trading on Friday, reaching $31.16. The company’s stock had a trading volume of 25,207 shares, compared to its average volume of 116,622. SPDR Bloomberg International Corporate Bond ETF has a twelve month low of $30.55 and a twelve month high of $33.20. The business has a 50 day moving average price of $31.07 and a 200-day moving average price of $31.54.

About SPDR Bloomberg International Corporate Bond ETF

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.