SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Sees Large Increase in Short Interest

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 11,125,230 shares, a growth of 72.4% from the July 30th total of 6,454,019 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,200,787 shares, the short-interest ratio is currently 1.8 days.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

NYSEARCA SPIB traded down $0.01 during trading on Monday, hitting $33.08. 700,107 shares of the stock traded hands, compared to its average volume of 7,549,485. The firm has a 50-day simple moving average of $33.22 and a 200-day simple moving average of $33.45. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 12-month low of $33.03 and a 12-month high of $34.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Elyxium Wealth LLC purchased a new stake in SPDR Portfolio Intermediate Term Corporate Bond ETF during the fourth quarter valued at $28,000. Triumph Capital Management purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 3rd quarter worth $28,000. Compass Financial Management LLC purchased a new position in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth $36,000. WFA of San Diego LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 2nd quarter worth about $40,000. Finally, Horizon Investments LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Corporate Bond ETF in the 4th quarter worth about $45,000.

SPDR Portfolio Intermediate Term Corporate Bond ETF Company Profile

The SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, fixed-rate taxable US corporate bonds with a maturity of at least one year, but no more than 10 years. SPIB was launched on Feb 10, 2009 and is managed by State Street.