SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Shares Shorted: Short Interest Up 232.8% in October

SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,372,990 shares, a growth of 232.8% from the September 30th total of 412,516 shares. Based on an average daily trading volume, of 5,168,603 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of SPDR Portfolio Aggregate Bond ETF

Several hedge funds have recently added to or reduced their stakes in SPAB. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in SPDR Portfolio Aggregate Bond ETF during the 3rd quarter valued at approximately $257,427,000. Envestnet Asset Management Inc. increased its stake in SPDR Portfolio Aggregate Bond ETF by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,857,952 shares of the company’s stock worth $251,575,000 after acquiring an additional 67,300 shares during the last quarter. Bank of America Corp DE increased its stake in SPDR Portfolio Aggregate Bond ETF by 23.5% in the 1st quarter. Bank of America Corp DE now owns 5,842,790 shares of the company’s stock worth $149,692,000 after acquiring an additional 1,112,552 shares during the last quarter. Willow Creek Wealth Management Inc. raised its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 3.4% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 4,698,062 shares of the company’s stock worth $114,445,000 after acquiring an additional 155,531 shares in the last quarter. Finally, Tobias Financial Advisors Inc. raised its holdings in shares of SPDR Portfolio Aggregate Bond ETF by 6.0% during the 2nd quarter. Tobias Financial Advisors Inc. now owns 4,428,126 shares of the company’s stock worth $113,006,000 after acquiring an additional 249,337 shares in the last quarter.

SPDR Portfolio Aggregate Bond ETF Stock Performance

Shares of SPAB opened at $24.85 on Friday. SPDR Portfolio Aggregate Bond ETF has a 1 year low of $24.17 and a 1 year high of $26.17. The stock’s 50-day moving average price is $24.70 and its two-hundred day moving average price is $25.33.

SPDR Portfolio Aggregate Bond ETF Company Profile

The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.