Short Interest in SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Expands By 276.4%

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 2,274,019 shares, an increase of 276.4% from the April 30th total of 604,189 shares. Based on an average daily trading volume, of 3,036,011 shares, the days-to-cover ratio is currently 0.7 days. Approximately 3.9% of the company’s stock are sold short.

Institutional Investors Weigh In On SPDR Portfolio Long Term Corporate Bond ETF

Several large investors have recently modified their holdings of SPLB. JPMorgan Chase & Co. raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 2.4% during the second quarter. JPMorgan Chase & Co. now owns 150,974 shares of the company’s stock worth $3,407,000 after purchasing an additional 3,608 shares during the last quarter. State Street Corp raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 6.2% during the second quarter. State Street Corp now owns 7,315,006 shares of the company’s stock worth $165,100,000 after purchasing an additional 427,047 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SPDR Portfolio Long Term Corporate Bond ETF by 3.5% during the second quarter. NewEdge Advisors LLC now owns 137,711 shares of the company’s stock worth $3,108,000 after purchasing an additional 4,683 shares during the last quarter. Graney & King LLC raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 8.7% in the second quarter. Graney & King LLC now owns 172,636 shares of the company’s stock worth $3,896,000 after acquiring an additional 13,862 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in SPDR Portfolio Long Term Corporate Bond ETF by 91.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock worth $53,000 after acquiring an additional 1,134 shares in the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Stock Performance

SPLB traded up $0.03 on Friday, reaching $22.45. The company’s stock had a trading volume of 2,294,153 shares, compared to its average volume of 4,550,950. The stock has a 50 day moving average of $22.25 and a two-hundred day moving average of $22.57. SPDR Portfolio Long Term Corporate Bond ETF has a fifty-two week low of $21.69 and a fifty-two week high of $23.59.

SPDR Portfolio Long Term Corporate Bond ETF Company Profile

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.