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The SPDR Portfolio Intermediate Term Corporate Bond ETF (Ticker: SPIB) reported a notable $209.8 million outflow, representing a 2.1% decrease in shares outstanding, from 299,600,072 to 293,200,072 this week. This decline indicates a significant shift in investor sentiment for the ETF.
Over the past year, SPIB has seen a price range between $31.975 and $33.8599, with the last trade recorded at $32.84. This positions the share price close to its 200-day moving average, a key metric for potential technical analysis.
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