SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) Short Interest Down 69.3% in June

SPDR Portfolio Long Term Corporate Bond ETF (NYSEARCA:SPLB) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 550,256 shares, a decline of 69.3% from the May 31st total of 1,789,877 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 2,781,801 shares, the days-to-cover ratio is currently 0.2 days.

SPDR Portfolio Long Term Corporate Bond ETF Trading Up 0.4%

Shares of NYSEARCA SPLB traded up $0.09 during trading hours on Monday, hitting $22.63. The stock had a trading volume of 3,691,301 shares, compared to its average volume of 4,192,453. The firm’s 50-day moving average price is $22.30 and its two-hundred day moving average price is $22.50. SPDR Portfolio Long Term Corporate Bond ETF has a 52 week low of $21.69 and a 52 week high of $23.59.

Institutional Trading of SPDR Portfolio Long Term Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in shares of SPDR Portfolio Long Term Corporate Bond ETF during the 3rd quarter valued at $29,000. Fifth Third Bancorp bought a new stake in SPDR Portfolio Long Term Corporate Bond ETF in the first quarter worth $31,000. Richard W. Paul & Associates LLC increased its position in SPDR Portfolio Long Term Corporate Bond ETF by 373.4% during the fourth quarter. Richard W. Paul & Associates LLC now owns 1,671 shares of the company’s stock worth $38,000 after buying an additional 1,318 shares during the last quarter. International Assets Investment Management LLC acquired a new position in SPDR Portfolio Long Term Corporate Bond ETF during the fourth quarter worth $41,000. Finally, Smartleaf Asset Management LLC raised its holdings in SPDR Portfolio Long Term Corporate Bond ETF by 91.6% during the second quarter. Smartleaf Asset Management LLC now owns 2,372 shares of the company’s stock valued at $53,000 after buying an additional 1,134 shares in the last quarter.

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.