SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Portfolio Short Term Corporate Bond ETF (NYSEARCA:SPSB) shares saw strong trading volume on Friday . 17,841,342 shares changed hands during mid-day trading, an increase of 694% from the previous session’s volume of 2,246,422 shares.The stock last traded at $30.05 and had previously closed at $30.14.

SPDR Portfolio Short Term Corporate Bond ETF Price Performance

The business has a 50 day moving average price of $30.10 and a 200-day moving average price of $29.82.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SPSB. LRI Investments LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 1st quarter worth approximately $58,000. SouthState Corp acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter worth approximately $82,000. Atlas Capital Advisors LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter worth approximately $132,000. Private Ocean LLC acquired a new position in SPDR Portfolio Short Term Corporate Bond ETF during the 2nd quarter worth approximately $146,000. Finally, NBC Securities Inc. raised its stake in SPDR Portfolio Short Term Corporate Bond ETF by 6.4% during the 1st quarter. NBC Securities Inc. now owns 5,723 shares of the company’s stock worth $171,000 after buying an additional 342 shares during the period.

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.