SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Sees Significant Decline in Short Interest

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 177,475 shares, a decrease of 79.7% from the February 26th total of 872,506 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 504,586 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 504,586 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of SPDR Portfolio Corporate Bond ETF

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 82.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after purchasing an additional 398 shares during the last quarter. SHP Wealth Management purchased a new stake in SPDR Portfolio Corporate Bond ETF in the fourth quarter valued at $38,000. Advisory Services Network LLC acquired a new stake in SPDR Portfolio Corporate Bond ETF during the 3rd quarter worth about $49,000. Eastern Bank acquired a new stake in SPDR Portfolio Corporate Bond ETF during the 4th quarter worth about $53,000. Finally, Archer Investment Corp purchased a new position in shares of SPDR Portfolio Corporate Bond ETF during the 4th quarter valued at about $69,000.

SPDR Portfolio Corporate Bond ETF Trading Up 0.3%

Shares of NYSEARCA:SPBO traded up $0.08 during trading on Wednesday, hitting $28.96. The stock had a trading volume of 962,158 shares, compared to its average volume of 581,380. SPDR Portfolio Corporate Bond ETF has a 12-month low of $27.84 and a 12-month high of $29.93. The stock has a 50-day simple moving average of $29.38 and a two-hundred day simple moving average of $29.49.

SPDR Portfolio Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1225 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.1%.

SPDR Portfolio Corporate Bond ETF Company Profile

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.