SPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB) Sees Large Increase in Short Interest
by Jessica Moore · The Cerbat GemSPDR Portfolio Aggregate Bond ETF (NYSEARCA:SPAB – Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 818,099 shares, an increase of 32.1% from the November 30th total of 619,128 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,776,298 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 1,776,298 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.
SPDR Portfolio Aggregate Bond ETF Trading Down 0.3%
NYSEARCA SPAB traded down $0.07 on Thursday, hitting $25.75. The company’s stock had a trading volume of 2,065,914 shares, compared to its average volume of 2,392,251. SPDR Portfolio Aggregate Bond ETF has a 52-week low of $24.70 and a 52-week high of $26.16. The company’s 50-day simple moving average is $25.86 and its 200 day simple moving average is $25.71.
Institutional Trading of SPDR Portfolio Aggregate Bond ETF
Several large investors have recently added to or reduced their stakes in the stock. Narus Financial Partners LLC raised its holdings in SPDR Portfolio Aggregate Bond ETF by 6.8% in the 3rd quarter. Narus Financial Partners LLC now owns 30,643 shares of the company’s stock worth $792,000 after purchasing an additional 1,949 shares in the last quarter. IFP Advisors Inc increased its position in shares of SPDR Portfolio Aggregate Bond ETF by 3.6% during the third quarter. IFP Advisors Inc now owns 131,134 shares of the company’s stock valued at $3,390,000 after buying an additional 4,541 shares during the period. CIBC Bancorp USA Inc. bought a new position in SPDR Portfolio Aggregate Bond ETF in the third quarter worth about $6,989,000. Captrust Financial Advisors lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 19.9% in the third quarter. Captrust Financial Advisors now owns 371,040 shares of the company’s stock worth $9,591,000 after buying an additional 61,541 shares during the period. Finally, GM Advisory Group LLC lifted its holdings in SPDR Portfolio Aggregate Bond ETF by 2.4% in the third quarter. GM Advisory Group LLC now owns 1,689,323 shares of the company’s stock worth $43,669,000 after buying an additional 39,763 shares during the period.
SPDR Portfolio Aggregate Bond ETF Company Profile
The SPDR Portfolio Aggregate Bond ETF (SPAB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Corporate index. The fund tracks a market value-weighted index of the aggregate USD-denominated investment-grade bond market with at least one year to maturity. SPAB was launched on May 23, 2007 and is managed by State Street.