SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) Short Interest Update

SPDR Portfolio Intermediate Term Corporate Bond ETF (NYSEARCA:SPIB) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 9,142,000 shares, a growth of 60.6% from the March 15th total of 5,692,002 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average trading volume of 12,213,278 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Community Bank N.A. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.0% in the 4th quarter. Community Bank N.A. now owns 36,854 shares of the company’s stock valued at $1,246,000 after purchasing an additional 360 shares during the last quarter. Fifth Third Securities Inc. lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.5% in the 4th quarter. Fifth Third Securities Inc. now owns 26,732 shares of the company’s stock valued at $904,000 after purchasing an additional 405 shares during the last quarter. Alteri Wealth LLC lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 6.0% in the 4th quarter. Alteri Wealth LLC now owns 9,872 shares of the company’s stock valued at $334,000 after purchasing an additional 556 shares during the last quarter. NewEdge Advisors LLC lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 0.7% in the 2nd quarter. NewEdge Advisors LLC now owns 80,410 shares of the company’s stock valued at $2,700,000 after purchasing an additional 582 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its stake in SPDR Portfolio Intermediate Term Corporate Bond ETF by 1.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 63,171 shares of the company’s stock valued at $2,136,000 after purchasing an additional 619 shares during the last quarter.

SPDR Portfolio Intermediate Term Corporate Bond ETF Stock Performance

Shares of NYSEARCA SPIB traded up $0.07 during trading hours on Monday, hitting $33.63. 5,608,214 shares of the stock were exchanged, compared to its average volume of 8,256,957. The company’s fifty day simple moving average is $33.73 and its two-hundred day simple moving average is $33.82. SPDR Portfolio Intermediate Term Corporate Bond ETF has a 1-year low of $32.70 and a 1-year high of $34.14.

About SPDR Portfolio Intermediate Term Corporate Bond ETF

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.