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

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 21,143 shares, an increase of 127.0% from the May 14th total of 9,314 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 78,468 shares, the short-interest ratio is presently 0.3 days.

SPDR Bloomberg International Corporate Bond ETF Stock Up 0.1%

Shares of IBND opened at $31.45 on Friday. SPDR Bloomberg International Corporate Bond ETF has a 1-year low of $30.65 and a 1-year high of $33.20. The firm’s 50 day simple moving average is $31.55 and its 200 day simple moving average is $31.84.

Institutional Trading of SPDR Bloomberg International Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBND. Israel Discount Bank of New York purchased a new position in SPDR Bloomberg International Corporate Bond ETF in the third quarter worth $2,078,000. Farther Finance Advisors LLC raised its position in SPDR Bloomberg International Corporate Bond ETF by 26.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,285,819 shares of the company’s stock valued at $41,288,000 after purchasing an additional 272,654 shares in the last quarter. Aspect Partners LLC purchased a new stake in SPDR Bloomberg International Corporate Bond ETF during the fourth quarter valued at about $2,038,000. PNC Financial Services Group Inc. bought a new stake in SPDR Bloomberg International Corporate Bond ETF during the third quarter worth about $758,000. Finally, Envestnet Asset Management Inc. lifted its stake in SPDR Bloomberg International Corporate Bond ETF by 35.1% during the third quarter. Envestnet Asset Management Inc. now owns 89,507 shares of the company’s stock worth $2,890,000 after purchasing an additional 23,276 shares during the last quarter.

SPDR Bloomberg International Corporate Bond ETF Company Profile

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.