SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Significant Drop in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 95,212 shares, a decrease of 54.1% from the September 15th total of 207,291 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 89,258 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IBND. Farther Finance Advisors LLC grew its position in SPDR Bloomberg International Corporate Bond ETF by 14.8% during the third quarter. Farther Finance Advisors LLC now owns 2,356,092 shares of the company’s stock valued at $70,400,000 after acquiring an additional 304,171 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 0.5% during the first quarter. Checchi Capital Advisers LLC now owns 709,148 shares of the company’s stock worth $22,040,000 after acquiring an additional 3,725 shares in the last quarter. Lodestar Private Asset Management LLC raised its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 10.6% during the first quarter. Lodestar Private Asset Management LLC now owns 622,167 shares of the company’s stock worth $19,337,000 after acquiring an additional 59,534 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 46.0% in the 1st quarter. Bank of America Corp DE now owns 367,731 shares of the company’s stock worth $11,429,000 after acquiring an additional 115,833 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 10.9% in the 2nd quarter. State Street Corp now owns 238,685 shares of the company’s stock valued at $7,442,000 after purchasing an additional 23,489 shares in the last quarter.

SPDR Bloomberg International Corporate Bond ETF Stock Up 0.5%

IBND traded up $0.16 during trading on Tuesday, reaching $29.65. The stock had a trading volume of 74,680 shares, compared to its average volume of 108,539. The business has a 50-day moving average of $30.65 and a 200-day moving average of $31.07. SPDR Bloomberg International Corporate Bond ETF has a one year low of $29.47 and a one year high of $33.20.

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.