SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Update

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 3,510,430 shares, a growth of 1,581.4% from the June 15th total of 208,777 shares. Approximately 4.8% of the shares of the company are short sold. Based on an average daily volume of 898,245 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Several institutional investors have recently made changes to their positions in SPBO. North Dakota State Investment Board bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the fourth quarter worth $31,953,000. Ameriprise Financial Inc. raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 15.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock valued at $217,450,000 after purchasing an additional 988,964 shares during the period. Assetmark Inc. raised its stake in shares of SPDR Portfolio Corporate Bond ETF by 47.0% during the 1st quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock valued at $63,002,000 after purchasing an additional 694,327 shares during the period. Tradewinds Capital Management LLC lifted its holdings in SPDR Portfolio Corporate Bond ETF by 491.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 755,118 shares of the company’s stock worth $22,155,000 after purchasing an additional 627,359 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in SPDR Portfolio Corporate Bond ETF during the 4th quarter worth about $10,376,000.

SPDR Portfolio Corporate Bond ETF Stock Down 0.2%

SPBO traded down $0.05 on Friday, hitting $28.70. The company’s stock had a trading volume of 776,987 shares, compared to its average volume of 688,275. The company’s 50 day simple moving average is $28.94 and its 200-day simple moving average is $29.17. SPDR Portfolio Corporate Bond ETF has a 12 month low of $28.57 and a 12 month high of $29.93.

About SPDR Portfolio Corporate Bond ETF

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.