SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Sees Large Growth in Short Interest

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 574,337 shares, a growth of 111.0% from the March 15th total of 272,151 shares. Based on an average trading volume of 7,942,247 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.0% of the shares of the company are short sold.

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

Large investors have recently made changes to their positions in the company. State Street Corp raised its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 6.2% in the 2nd quarter. State Street Corp now owns 7,315,006 shares of the company’s stock worth $165,100,000 after purchasing an additional 427,047 shares during the period. LPL Financial LLC boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 17.1% during the fourth quarter. LPL Financial LLC now owns 2,402,379 shares of the company’s stock worth $54,246,000 after purchasing an additional 351,072 shares in the last quarter. RMG Wealth Management LLC boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 6.3% during the third quarter. RMG Wealth Management LLC now owns 2,228,596 shares of the company’s stock worth $52,227,000 after purchasing an additional 131,149 shares in the last quarter. Rockland Trust Co. boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 7.5% during the fourth quarter. Rockland Trust Co. now owns 1,824,180 shares of the company’s stock worth $41,190,000 after purchasing an additional 126,797 shares in the last quarter. Finally, NYL Investors LLC boosted its position in SPDR Portfolio Long Term Corporate Bond ETF by 0.4% during the fourth quarter. NYL Investors LLC now owns 1,456,598 shares of the company’s stock worth $32,890,000 after purchasing an additional 5,279 shares in the last quarter.

SPDR Portfolio Long Term Corporate Bond ETF Trading Down 0.5%

NYSEARCA:SPLB traded down $0.11 during trading hours on Friday, reaching $22.30. The company had a trading volume of 6,907,504 shares, compared to its average volume of 5,161,933. The business’s 50 day moving average price is $22.53 and its 200-day moving average price is $22.78. SPDR Portfolio Long Term Corporate Bond ETF has a 1-year low of $21.01 and a 1-year high of $23.59.

About SPDR Portfolio Long Term Corporate Bond ETF

The SPDR Portfolio Long Term Corporate Bond ETF (SPLB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks an index of investment-grade, fixed-rate, taxable US corporate bonds with a remaining maturity of at least 10 years. SPLB was launched on Mar 10, 2009 and is managed by State Street.