Short Interest in SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Expands By 775.1%

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 43,949 shares, an increase of 775.1% from the June 15th total of 5,022 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 110,863 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in IBND. Fiduciary Financial Group LLC bought a new stake in shares of SPDR Bloomberg International Corporate Bond ETF in the 2nd quarter valued at about $234,000. Israel Discount Bank of New York raised its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 12.3% during the 2nd quarter. Israel Discount Bank of New York now owns 205,477 shares of the company’s stock worth $6,407,000 after acquiring an additional 22,534 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of SPDR Bloomberg International Corporate Bond ETF during the 2nd quarter worth approximately $213,000. Rathbones Group PLC lifted its position in SPDR Bloomberg International Corporate Bond ETF by 2.0% during the first quarter. Rathbones Group PLC now owns 122,142 shares of the company’s stock valued at $3,796,000 after acquiring an additional 2,349 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in SPDR Bloomberg International Corporate Bond ETF by 46.0% during the first quarter. Bank of America Corp DE now owns 367,731 shares of the company’s stock valued at $11,429,000 after acquiring an additional 115,833 shares during the last quarter.

SPDR Bloomberg International Corporate Bond ETF Price Performance

Shares of IBND traded down $0.04 during midday trading on Friday, reaching $31.02. 53,044 shares of the stock were exchanged, compared to its average volume of 126,933. SPDR Bloomberg International Corporate Bond ETF has a 52 week low of $30.65 and a 52 week high of $33.20. The company’s 50 day moving average is $31.34 and its two-hundred day moving average is $31.73.

About SPDR Bloomberg International Corporate Bond ETF

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.