SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Unusually-High Trading Volume – Should You Buy?

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw an uptick in trading volume on Tuesday . 179,866 shares traded hands during trading, an increase of 72% from the previous session’s volume of 104,734 shares.The stock last traded at $40.42 and had previously closed at $40.42.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The company has a 50 day moving average of $40.47 and a 200 day moving average of $40.54.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Private Trust Co. NA increased its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 177.1% in the 3rd quarter. Private Trust Co. NA now owns 1,707 shares of the company’s stock valued at $70,000 after buying an additional 1,091 shares during the period. PVG Asset Management Corp acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the 2nd quarter valued at about $225,000. Zega Financial LLC acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter worth approximately $258,000. Leslie Global Wealth LLC bought a new position in SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at approximately $273,000. Finally, JPMorgan Chase & Co. boosted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 6,117.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,648 shares of the company’s stock worth $312,000 after purchasing an additional 7,525 shares during the last quarter.

SPDR SSgA Ultra Short Term Bond ETF Company Profile

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months.