The SPDR Portfolio Intermediate Term Corporate Bond ETF (Symbol: SPIB) has reported a significant outflow of approximately $109 million, marking a 1.0% decrease in shares outstanding from 317,200,072 to 314,000,072. This change was recorded in the week ending today.
Over the past year, SPIB’s share price fluctuated between a low of $32.38 and a high of $34.08, with its most recent trade at $34.05. The ETF’s current price is close to its 200-day moving average, which is a crucial indicator for investors analyzing price momentum.
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