SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Down 51.3% in August

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 136,340 shares, a decrease of 51.3% from the August 15th total of 280,014 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 523,814 shares, the short-interest ratio is currently 0.3 days.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPBO stock traded up $0.01 during trading on Tuesday, hitting $27.98. 1,799,000 shares of the company were exchanged, compared to its average volume of 633,307. The business’s 50-day simple moving average is $28.45 and its 200 day simple moving average is $28.84. SPDR Portfolio Corporate Bond ETF has a twelve month low of $27.92 and a twelve month high of $29.93.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Melone Private Wealth LLC raised its position in SPDR Portfolio Corporate Bond ETF by 1.1% during the second quarter. Melone Private Wealth LLC now owns 169,598 shares of the company’s stock valued at $4,925,000 after acquiring an additional 1,792 shares in the last quarter. Hobart Private Capital LLC bought a new stake in SPDR Portfolio Corporate Bond ETF in the second quarter worth approximately $8,935,000. Western Wealth Management LLC acquired a new position in shares of SPDR Portfolio Corporate Bond ETF during the 1st quarter worth $142,000. Summit Financial Wealth Advisors LLC increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 9.6% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 1,126,788 shares of the company’s stock worth $32,711,000 after purchasing an additional 99,072 shares during the last quarter. Finally, Strategic Investment Advisors MI raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 60.9% during the 1st quarter. Strategic Investment Advisors MI now owns 53,190 shares of the company’s stock valued at $1,542,000 after purchasing an additional 20,139 shares in the last quarter.

About SPDR Portfolio Corporate Bond ETF

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.