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

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,739 shares, a drop of 96.9% from the October 15th total of 56,991 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 107,120 shares, the short-interest ratio is currently 0.0 days.

SPDR Bloomberg International Corporate Bond ETF Trading Down 0.8%

Shares of SPDR Bloomberg International Corporate Bond ETF stock traded down $0.25 on Tuesday, hitting $29.70. 118,709 shares of the company traded hands, compared to its average volume of 107,205. The company has a 50-day moving average price of $30.01 and a 200 day moving average price of $31.14. SPDR Bloomberg International Corporate Bond ETF has a 12-month low of $29.38 and a 12-month high of $33.20.

Institutional Trading of SPDR Bloomberg International Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in SPDR Bloomberg International Corporate Bond ETF in the first quarter valued at about $26,000. Dynamic Advisor Solutions LLC acquired a new position in SPDR Bloomberg International Corporate Bond ETF in the 2nd quarter worth about $213,000. Fiduciary Financial Group LLC acquired a new position in SPDR Bloomberg International Corporate Bond ETF in the 2nd quarter worth about $234,000. Tennessee Valley Asset Management Partners increased its position in SPDR Bloomberg International Corporate Bond ETF by 12.5% in the 3rd quarter. Tennessee Valley Asset Management Partners now owns 9,072 shares of the company’s stock worth $271,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Drive Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF during the 3rd quarter worth about $279,000.

SPDR Bloomberg International Corporate Bond ETF Company Profile

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.