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

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw an uptick in trading volume on Friday . 301,416 shares changed hands during trading, an increase of 123% from the previous session’s volume of 135,064 shares.The stock last traded at $40.51 and had previously closed at $40.51.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

The company has a fifty day moving average of $40.47 and a two-hundred day moving average of $40.55.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ULST. PVG Asset Management Corp bought a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the second quarter worth $225,000. Brown Financial Advisors acquired a new stake in SPDR SSgA Ultra Short Term Bond ETF during the second quarter worth about $3,417,000. Sanctuary Advisors LLC bought a new position in SPDR SSgA Ultra Short Term Bond ETF in the 2nd quarter valued at about $505,000. Centaurus Financial Inc. increased its holdings in SPDR SSgA Ultra Short Term Bond ETF by 69.2% in the 2nd quarter. Centaurus Financial Inc. now owns 13,370 shares of the company’s stock valued at $541,000 after buying an additional 5,470 shares during the period. Finally, Mattson Financial Services LLC acquired a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 2nd quarter valued at approximately $4,027,000.

About SPDR SSgA Ultra Short Term Bond ETF

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.