SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Significant Increase in Short Interest

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 18,863 shares, a growth of 1,904.6% from the June 15th total of 941 shares. Based on an average daily volume of 43,489 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ULST. Trilogy Capital Inc. lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 4.1% in the first quarter. Trilogy Capital Inc. now owns 10,080 shares of the company’s stock valued at $408,000 after buying an additional 400 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 2.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 18,434 shares of the company’s stock worth $747,000 after purchasing an additional 418 shares during the period. CGN Advisors LLC boosted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 1.6% during the 4th quarter. CGN Advisors LLC now owns 28,376 shares of the company’s stock worth $1,149,000 after purchasing an additional 441 shares during the period. Ameriprise Financial Inc. increased its holdings in SPDR SSgA Ultra Short Term Bond ETF by 8.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,201 shares of the company’s stock valued at $252,000 after purchasing an additional 492 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in SPDR SSgA Ultra Short Term Bond ETF in the 4th quarter valued at approximately $36,000.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

Shares of SPDR SSgA Ultra Short Term Bond ETF stock remained flat at $40.33 on Friday. The stock had a trading volume of 40,319 shares, compared to its average volume of 120,949. The stock’s fifty day moving average is $40.38 and its 200-day moving average is $40.47. SPDR SSgA Ultra Short Term Bond ETF has a fifty-two week low of $40.20 and a fifty-two week high of $40.72.

SPDR SSgA Ultra Short Term Bond ETF Company Profile

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ULST was launched on Oct 9, 2013 and is managed by State Street.