SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Down 33.5% in August

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 728,557 shares, a decrease of 33.5% from the July 30th total of 1,095,031 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 2,760,695 shares, the days-to-cover ratio is presently 0.3 days.

SPDR Portfolio Long Term Corporate Bond ETF Stock Down 1.2%

SPLB traded down $0.25 on Tuesday, hitting $21.23. The company’s stock had a trading volume of 2,209,735 shares, compared to its average volume of 3,826,683. SPDR Portfolio Long Term Corporate Bond ETF has a 12 month low of $21.13 and a 12 month high of $23.59. The company’s 50 day simple moving average is $21.74 and its 200-day simple moving average is $22.17.

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

Large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC grew its position in shares of SPDR Portfolio Long Term Corporate Bond ETF by 1.9% in the fourth quarter. Sanctuary Advisors LLC now owns 49,257 shares of the company’s stock valued at $1,112,000 after purchasing an additional 901 shares in the last quarter. Triumph Capital Management lifted its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 31.7% during the 2nd quarter. Triumph Capital Management now owns 3,913 shares of the company’s stock worth $88,000 after purchasing an additional 942 shares in the last quarter. HF Advisory Group LLC boosted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 6.8% in the 2nd quarter. HF Advisory Group LLC now owns 15,418 shares of the company’s stock worth $345,000 after purchasing an additional 982 shares during the period. Smartleaf Asset Management LLC boosted its stake in SPDR Portfolio Long Term Corporate Bond ETF by 91.6% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after purchasing an additional 1,134 shares during the period. Finally, Advisory Services Network LLC bought a new position in SPDR Portfolio Long Term Corporate Bond ETF in the 3rd quarter worth about $29,000.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.