SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) Shares Shorted: Short Interest Down 40.1% in October

SPDR Bloomberg International Corporate Bond ETF (NYSEARCA:IBND) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 56,991 shares, a decline of 40.1% from the September 30th total of 95,212 shares. Based on an average daily volume of 77,805 shares, the short-interest ratio is presently 0.7 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On SPDR Bloomberg International Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings 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 acquiring an additional 346 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of SPDR Bloomberg International Corporate Bond ETF in the 1st quarter valued at $26,000. Red Lighthouse Investment Management LLC lifted its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 9.8% during the second quarter. Red Lighthouse Investment Management LLC now owns 9,780 shares of the company’s stock worth $305,000 after purchasing an additional 869 shares during the period. Patten Group Inc. lifted its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 6.8% in the first quarter. Patten Group Inc. now owns 14,260 shares of the company’s stock valued at $443,000 after purchasing an additional 906 shares in the last quarter. Finally, Insight Advisors LLC PA increased its holdings in shares of SPDR Bloomberg International Corporate Bond ETF by 3.3% during the 1st quarter. Insight Advisors LLC PA now owns 38,210 shares of the company’s stock worth $1,188,000 after buying an additional 1,207 shares during the last quarter.

SPDR Bloomberg International Corporate Bond ETF Price Performance

NYSEARCA IBND traded up $0.06 during midday trading on Friday, hitting $29.64. The company had a trading volume of 97,212 shares, compared to its average volume of 107,921. The firm has a 50-day moving average price of $30.22 and a 200-day moving average price of $31.23. SPDR Bloomberg International Corporate Bond ETF has a twelve month low of $29.38 and a twelve month high of $33.20.

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.