SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Large Growth in Short Interest

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 639,000 shares, a growth of 129.7% from the August 31st total of 278,200 shares. Based on an average daily volume of 2,344,400 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 2,344,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. bought a new stake in SPDR Portfolio Aggregate Bond ETF in the second quarter valued at approximately $26,000. Cheviot Value Management LLC bought a new position in shares of SPDR Portfolio Aggregate Bond ETF during the first quarter worth $32,000. Steward Partners Investment Advisory LLC grew its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 113.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,271 shares of the company’s stock valued at $33,000 after buying an additional 675 shares during the period. Blue Trust Inc. bought a new stake in shares of SPDR Portfolio Aggregate Bond ETF in the 2nd quarter valued at $44,000. Finally, Darwin Wealth Management LLC acquired a new stake in SPDR Portfolio Aggregate Bond ETF during the 2nd quarter worth $52,000.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of SPAB opened at $25.84 on Monday. SPDR Portfolio Aggregate Bond ETF has a 1 year low of $24.70 and a 1 year high of $26.05. The stock’s 50-day moving average price is $25.69 and its two-hundred day moving average price is $25.44.

About SPDR Portfolio Aggregate Bond ETF

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.