SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Short Interest Update

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 5,093,255 shares, a decrease of 21.3% from the February 26th total of 6,470,936 shares. Based on an average daily volume of 3,226,678 shares, the short-interest ratio is presently 1.6 days. Currently, 1.8% of the company’s stock are sold short.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

Shares of SPSB stock opened at $29.98 on Friday. The company’s 50 day moving average is $30.19 and its 200 day moving average is $30.21. SPDR Portfolio Short Term Corporate Bond ETF has a 52-week low of $29.74 and a 52-week high of $30.34.

SPDR Portfolio Short Term Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1063 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning raised its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 7.5% during the third quarter. Creative Planning now owns 48,756,348 shares of the company’s stock valued at $1,476,830,000 after acquiring an additional 3,401,784 shares during the last quarter. LPL Financial LLC boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 9,425,480 shares of the company’s stock worth $284,649,000 after acquiring an additional 1,518,271 shares during the last quarter. Valmark Advisers Inc. boosted its stake in shares of SPDR Portfolio Short Term Corporate Bond ETF by 4.1% in the fourth quarter. Valmark Advisers Inc. now owns 8,737,196 shares of the company’s stock worth $263,863,000 after acquiring an additional 340,112 shares during the last quarter. Morgan Stanley increased its position in shares of SPDR Portfolio Short Term Corporate Bond ETF by 13.2% during the fourth quarter. Morgan Stanley now owns 8,712,343 shares of the company’s stock worth $263,113,000 after purchasing an additional 1,017,975 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 19.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,620,146 shares of the company’s stock valued at $139,944,000 after purchasing an additional 741,369 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.