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

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 207,291 shares, a growth of 609.9% from the August 31st total of 29,199 shares. Based on an average daily trading volume, of 85,302 shares, the short-interest ratio is presently 2.4 days. Approximately 1.4% of the company’s stock are sold short.

Hedge Funds Weigh In On SPDR Bloomberg International Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC raised its stake in 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 buying an additional 3,725 shares during the last quarter. Lodestar Private Asset Management LLC boosted its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 10.6% during the 1st quarter. Lodestar Private Asset Management LLC now owns 622,167 shares of the company’s stock worth $19,337,000 after buying an additional 59,534 shares in the last quarter. Lifestyle Asset Management Inc. increased its stake in shares of SPDR Bloomberg International Corporate Bond ETF by 6.0% in the 4th quarter. Lifestyle Asset Management Inc. now owns 484,372 shares of the company’s stock valued at $15,553,000 after acquiring an additional 27,499 shares in the last quarter. Bank of America Corp DE boosted its position in shares of SPDR Bloomberg International Corporate Bond ETF by 46.0% during the 1st quarter. Bank of America Corp DE now owns 367,731 shares of the company’s stock worth $11,429,000 after purchasing an additional 115,833 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in SPDR Bloomberg International Corporate Bond ETF by 5.9% in the 4th quarter. Ameritas Investment Partners Inc. now owns 266,883 shares of the company’s stock valued at $8,570,000 after purchasing an additional 14,968 shares during the period.

SPDR Bloomberg International Corporate Bond ETF Trading Up 0.0%

Shares of IBND traded up $0.01 during mid-day trading on Friday, reaching $30.02. The company had a trading volume of 16,733 shares, compared to its average volume of 108,557. The company’s 50 day simple moving average is $30.92 and its 200 day simple moving average is $31.20. SPDR Bloomberg International Corporate Bond ETF has a 1-year low of $29.93 and a 1-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.