SPDR Bloomberg Short Term International Treasury Bond ETF (NYSEARCA:BWZ) Sees Large Growth in Short Interest

SPDR Bloomberg Short Term International Treasury Bond ETF (NYSEARCA:BWZ) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 27,783 shares, a growth of 398.0% from the March 15th total of 5,579 shares. Based on an average daily volume of 165,307 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

SPDR Bloomberg Short Term International Treasury Bond ETF Stock Down 0.2%

BWZ traded down $0.06 on Friday, hitting $27.22. 37,592 shares of the company’s stock traded hands, compared to its average volume of 121,700. The company’s 50 day simple moving average is $27.37 and its 200-day simple moving average is $27.38. SPDR Bloomberg Short Term International Treasury Bond ETF has a one year low of $26.69 and a one year high of $29.24.

Hedge Funds Weigh In On SPDR Bloomberg Short Term International Treasury Bond ETF

Several hedge funds have recently modified their holdings of BWZ. LFA Lugano Financial Advisors SA grew its stake in SPDR Bloomberg Short Term International Treasury Bond ETF by 5.1% during the third quarter. LFA Lugano Financial Advisors SA now owns 8,394 shares of the company’s stock valued at $233,000 after acquiring an additional 407 shares in the last quarter. Palisades Hudson Asset Management L.P. lifted its stake in SPDR Bloomberg Short Term International Treasury Bond ETF by 3.0% in the 4th quarter. Palisades Hudson Asset Management L.P. now owns 20,069 shares of the company’s stock worth $550,000 after purchasing an additional 580 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of SPDR Bloomberg Short Term International Treasury Bond ETF by 1.2% during the 2nd quarter. MML Investors Services LLC now owns 53,822 shares of the company’s stock valued at $1,511,000 after purchasing an additional 631 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in shares of SPDR Bloomberg Short Term International Treasury Bond ETF by 2.4% during the third quarter. Legacy Wealth Asset Management LLC now owns 27,359 shares of the company’s stock valued at $761,000 after purchasing an additional 641 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in shares of SPDR Bloomberg Short Term International Treasury Bond ETF during the third quarter valued at about $51,000.

About SPDR Bloomberg Short Term International Treasury Bond ETF

The SPDR Bloomberg Short Term International Treasury Bond ETF (BWZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade sovereign debt from countries outside the US with maturities between 1-3 years. BWZ was launched on Jan 15, 2009 and is managed by State Street.