Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Increases By 46.1%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 4,202,682 shares, an increase of 46.1% from the December 15th total of 2,876,180 shares. Based on an average trading volume of 3,840,927 shares, the short-interest ratio is presently 1.1 days. Currently, 1.3% of the company’s stock are short sold. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 3,840,927 shares, the short-interest ratio is presently 1.1 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA SPIB opened at $33.83 on Monday. The business’s fifty day simple moving average is $33.84 and its 200-day simple moving average is $33.77. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12-month low of $32.38 and a 12-month high of $34.08.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management purchased a new position in SPDR Portfolio Intermediate Term Corporate Bond ETF in the third quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter valued at about $29,000. First Community Trust NA acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter worth about $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 2nd quarter worth about $34,000. Finally, WFA of San Diego LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth approximately $40,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.