SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Down 93.2% in July
by Renee Jackson · The Cerbat GemSPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 238,540 shares, a drop of 93.2% from the June 30th total of 3,510,430 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 620,856 shares, the short-interest ratio is currently 0.4 days.
SPDR Portfolio Corporate Bond ETF Stock Performance
Shares of NYSEARCA:SPBO traded up $0.01 during trading on Friday, reaching $28.45. The stock had a trading volume of 303,646 shares, compared to its average volume of 666,719. SPDR Portfolio Corporate Bond ETF has a 52 week low of $28.40 and a 52 week high of $29.93. The business’s 50-day moving average price is $28.87 and its 200 day moving average price is $29.12.
Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Melone Private Wealth LLC boosted its stake in SPDR Portfolio Corporate Bond ETF by 1.1% in the second quarter. Melone Private Wealth LLC now owns 169,598 shares of the company’s stock worth $4,925,000 after purchasing an additional 1,792 shares in the last quarter. Hobart Private Capital LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the second quarter valued at $8,935,000. Western Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Corporate Bond ETF in the first quarter valued at $142,000. Summit Financial Wealth Advisors LLC raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 9.6% in the first quarter. Summit Financial Wealth Advisors LLC now owns 1,126,788 shares of the company’s stock valued at $32,711,000 after buying 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% in the first quarter. Strategic Investment Advisors MI now owns 53,190 shares of the company’s stock valued at $1,542,000 after buying an additional 20,139 shares during 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.