Short Interest in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Increases By 56.0%

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 276,896 shares, an increase of 56.0% from the March 15th total of 177,475 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 928,509 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

Several large investors have recently modified their holdings of SPBO. Bank of America Corp DE boosted its stake in SPDR Portfolio Corporate Bond ETF by 2.7% during the 2nd quarter. Bank of America Corp DE now owns 2,702,160 shares of the company’s stock valued at $78,957,000 after purchasing an additional 71,447 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 100.0% in the second quarter. Corient Private Wealth LLC now owns 63,644 shares of the company’s stock valued at $1,860,000 after purchasing an additional 31,822 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of SPDR Portfolio Corporate Bond ETF by 160.3% in the second quarter. Osaic Holdings Inc. now owns 183,416 shares of the company’s stock valued at $5,345,000 after purchasing an additional 112,940 shares in the last quarter. NWF Advisory Services Inc. purchased a new position in shares of SPDR Portfolio Corporate Bond ETF during the second quarter valued at approximately $403,000. Finally, Caldwell Trust Co purchased a new position in shares of SPDR Portfolio Corporate Bond ETF during the second quarter valued at approximately $272,000.

SPDR Portfolio Corporate Bond ETF Stock Performance

NYSEARCA SPBO opened at $29.23 on Thursday. SPDR Portfolio Corporate Bond ETF has a twelve month low of $28.28 and a twelve month high of $29.93. The stock has a fifty day simple moving average of $29.25 and a 200 day simple moving average of $29.42.

SPDR Portfolio Corporate Bond ETF Company Profile

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.