SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Short Interest Down 92.1% in May

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 2,185 shares, a drop of 92.1% from the May 14th total of 27,591 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 248,317 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the 3rd quarter valued at approximately $31,000. Flagship Harbor Advisors LLC acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the fourth quarter worth $36,000. Geneos Wealth Management Inc. acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the first quarter worth $37,000. Wells Fargo & Company MN raised its position in SPDR SSgA Ultra Short Term Bond ETF by 280,500.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,806 shares of the company’s stock worth $114,000 after acquiring an additional 2,805 shares in the last quarter. Finally, Key Financial Inc acquired a new stake in SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at $183,000.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

ULST traded up $0.01 on Tuesday, hitting $40.35. 39,797 shares of the company were exchanged, compared to its average volume of 132,477. SPDR SSgA Ultra Short Term Bond ETF has a 12 month low of $40.20 and a 12 month high of $40.72. The stock’s fifty day moving average is $40.42 and its 200-day moving average is $40.50.

About SPDR SSgA Ultra Short Term Bond ETF

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.