SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Sees Large Decline in Short Interest

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 5,022 shares, a drop of 76.2% from the May 31st total of 21,143 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 64,450 shares, the days-to-cover ratio is currently 0.1 days.

SPDR Bloomberg International Corporate Bond ETF Stock Up 0.3%

NYSEARCA:IBND traded up $0.09 during mid-day trading on Monday, hitting $31.22. 48,575 shares of the company’s stock were exchanged, compared to its average volume of 132,534. SPDR Bloomberg International Corporate Bond ETF has a fifty-two week low of $30.65 and a fifty-two week high of $33.20. The company has a 50 day simple moving average of $31.48 and a 200-day simple moving average of $31.80.

Institutional Trading of SPDR Bloomberg International Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IBND. PNC Financial Services Group Inc. raised its position in SPDR Bloomberg International Corporate Bond ETF by 1.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 23,834 shares of the company’s stock worth $741,000 after purchasing an additional 346 shares during the last quarter. IFP Advisors Inc grew its position in shares of SPDR Bloomberg International Corporate Bond ETF by 14.5% in the 3rd quarter. IFP Advisors Inc now owns 3,093 shares of the company’s stock valued at $100,000 after buying an additional 391 shares during the last quarter. Austin Private Wealth LLC grew its position in shares of SPDR Bloomberg International Corporate Bond ETF by 7.4% in the 4th quarter. Austin Private Wealth LLC now owns 6,792 shares of the company’s stock valued at $218,000 after buying an additional 470 shares during the last quarter. Integrity Alliance LLC. increased its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 4.8% in the fourth quarter. Integrity Alliance LLC. now owns 10,853 shares of the company’s stock valued at $349,000 after buying an additional 495 shares during the period. Finally, LFA Lugano Financial Advisors SA increased its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 0.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 125,422 shares of the company’s stock valued at $4,027,000 after buying an additional 635 shares during the period.

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.