Short Interest in SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Grows By 53.7%

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 5,692,002 shares, an increase of 53.7% from the February 26th total of 3,703,122 shares. Based on an average daily volume of 12,028,842 shares, the short-interest ratio is presently 0.5 days. Currently, 1.8% of the shares of the company are short sold.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

NYSEARCA SPIB opened at $33.30 on Monday. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1-year low of $32.38 and a 1-year high of $34.14. The company has a 50 day moving average of $33.80 and a 200-day moving average of $33.85.

SPDR Portfolio Intermediate Term Corporate Bond ETF Increases 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 $0.1234 per share. This is an increase from SPDR Portfolio Intermediate Term Corporate Bond ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, March 2nd.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Family Investments Inc. acquired a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the second quarter worth about $178,108,000. Ameriprise Financial Inc. raised its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 88.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,407,199 shares of the company’s stock valued at $181,617,000 after buying an additional 2,537,710 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 381.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 792,394 shares of the company’s stock valued at $26,854,000 after buying an additional 627,933 shares in the last quarter. Your Advocates Ltd. LLP bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF during the 3rd quarter worth approximately $21,018,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF by 229.6% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 565,498 shares of the company’s stock worth $19,165,000 after acquiring an additional 393,948 shares in the last quarter.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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.