SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Large Volume Increase – Time to Buy?

Shares of SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) saw unusually-high trading volume on Wednesday . Approximately 6,290,114 shares were traded during mid-day trading, an increase of 195% from the previous session’s volume of 2,134,818 shares.The stock last traded at $29.97 and had previously closed at $29.97.

SPDR Portfolio Short Term Corporate Bond ETF Stock Down 0.1 %

The company’s fifty day simple moving average is $29.94 and its 200 day simple moving average is $30.00.

Institutional Investors Weigh In On SPDR Portfolio Short Term Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its holdings in shares of SPDR Portfolio Short Term Corporate Bond ETF by 113.0% in the 4th quarter. Continuum Advisory LLC now owns 1,987 shares of the company’s stock worth $59,000 after purchasing an additional 1,054 shares in the last quarter. MainStreet Investment Advisors LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 18.1% during the 4th quarter. MainStreet Investment Advisors LLC now owns 53,227 shares of the company’s stock valued at $1,589,000 after purchasing an additional 8,161 shares during the last quarter. Fairview Capital Investment Management LLC raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.8% during the 4th quarter. Fairview Capital Investment Management LLC now owns 295,579 shares of the company’s stock valued at $8,826,000 after purchasing an additional 13,659 shares during the last quarter. Captrust Financial Advisors raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 4.6% during the 4th quarter. Captrust Financial Advisors now owns 43,198 shares of the company’s stock valued at $1,290,000 after purchasing an additional 1,905 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in SPDR Portfolio Short Term Corporate Bond ETF by 5.3% during the 4th quarter. Baird Financial Group Inc. now owns 3,892,091 shares of the company’s stock valued at $116,218,000 after purchasing an additional 194,695 shares during the last quarter.

SPDR Portfolio Short Term Corporate Bond ETF Company Profile

The SPDR Portfolio Short Term Corporate Bond ETF (SPSB) is an exchange-traded fund that is based on the Bloomberg Long U.S. Treasury index. The fund tracks a market-value-weighted index of fixed-rate investment-grade nonconvertible US corporate bonds with 1-3 years remaining in maturity. SPSB was launched on Dec 16, 2009 and is managed by State Street.