SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Short Interest Update

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 661 shares, a decline of 90.8% from the August 15th total of 7,202 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 77,040 shares, the days-to-cover ratio is presently 0.0 days.

SPDR SSgA Ultra Short Term Bond ETF Stock Down 0.0%

Shares of ULST traded down $0.01 during midday trading on Friday, hitting $40.26. 31,163 shares of the company traded hands, compared to its average volume of 108,743. The firm has a 50 day moving average of $40.34 and a 200-day moving average of $40.40. SPDR SSgA Ultra Short Term Bond ETF has a 52 week low of $40.20 and a 52 week high of $40.72.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 25.1% during the fourth quarter. UBS Group AG now owns 78,540 shares of the company’s stock valued at $3,181,000 after purchasing an additional 15,782 shares during the last quarter. ORBA Wealth Advisors L.L.C. increased its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 26.0% in the 4th quarter. ORBA Wealth Advisors L.L.C. now owns 182,305 shares of the company’s stock worth $7,384,000 after buying an additional 37,613 shares during the last quarter. Norris Financial Group LLC purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 1st quarter valued at about $4,305,000. Kraft Davis & Associates LLC purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 2nd quarter valued at about $4,228,000. Finally, Kirkwood Financial Services bought a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 2nd quarter valued at about $801,000.

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