SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Update

by · The Markets Daily

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,510,430 shares, an increase of 1,581.4% from the June 15th total of 208,777 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average trading volume of 898,245 shares, the short-interest ratio is currently 3.9 days.

Hedge Funds Weigh In On SPDR Portfolio Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in SPDR Portfolio Corporate Bond ETF by 15.6% in the third quarter. Ameriprise Financial Inc. now owns 7,339,315 shares of the company’s stock worth $217,450,000 after buying an additional 988,964 shares during the last quarter. LPL Financial LLC grew its stake in shares of SPDR Portfolio Corporate Bond ETF by 3.4% during the 4th quarter. LPL Financial LLC now owns 3,029,120 shares of the company’s stock worth $88,874,000 after acquiring an additional 100,339 shares during the period. Bank of America Corp DE grew its stake in shares of SPDR Portfolio Corporate Bond ETF by 0.9% during the 3rd quarter. Bank of America Corp DE now owns 2,727,109 shares of the company’s stock worth $80,804,000 after acquiring an additional 24,949 shares during the period. Assetmark Inc. increased its holdings in SPDR Portfolio Corporate Bond ETF by 47.0% in the 1st quarter. Assetmark Inc. now owns 2,170,235 shares of the company’s stock worth $63,002,000 after acquiring an additional 694,327 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in SPDR Portfolio Corporate Bond ETF by 13.7% in the 4th quarter. AE Wealth Management LLC now owns 1,974,900 shares of the company’s stock worth $57,944,000 after acquiring an additional 237,241 shares during the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Down 0.2%

Shares of SPDR Portfolio Corporate Bond ETF stock traded down $0.05 on Friday, reaching $28.70. 776,987 shares of the company traded hands, compared to its average volume of 688,275. SPDR Portfolio Corporate Bond ETF has a 52 week low of $28.57 and a 52 week high of $29.93. The company has a 50 day moving average of $28.94 and a 200 day moving average of $29.17.

About SPDR Portfolio Corporate Bond ETF

(Get Free Report)

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.

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