SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Short Interest Down 54.3% in April

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 22,839 shares, a drop of 54.3% from the April 15th total of 49,951 shares. Based on an average daily volume of 51,210 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

SPDR Bloomberg International Corporate Bond ETF Stock Down 0.6%

Shares of IBND traded down $0.19 during midday trading on Friday, reaching $31.24. 46,095 shares of the stock were exchanged, compared to its average volume of 147,117. SPDR Bloomberg International Corporate Bond ETF has a 12-month low of $30.59 and a 12-month high of $33.20. The firm has a 50 day simple moving average of $31.46 and a 200-day simple moving average of $31.89.

Institutional Investors Weigh In On SPDR Bloomberg International Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF during the 1st quarter worth about $26,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF during the 4th quarter worth about $39,000. Kestra Advisory Services LLC purchased a new stake in shares of SPDR Bloomberg International Corporate Bond ETF during the 4th quarter worth about $41,000. Jones Financial Companies Lllp raised its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 97.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,655 shares of the company’s stock worth $53,000 after purchasing an additional 815 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 4th quarter valued at about $58,000.

SPDR Bloomberg International Corporate Bond ETF Company Profile

SPDR Barclays International Corporate Bond ETF (the Fund), formerly SPDR Barclays Capital International Corporate Bond ETF, seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Global Aggregate ex-USD > $1B: Corporate Bond Index (the Index), an index that tracks the investment-grade corporate sector of the global bond market outside of the United States. The Index is designed to be a broad based measure of the global investment-grade, fixed-rate, fixed-income corporate markets outside the United States.