SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Reaches New 1-Year Low – Time to Sell?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $40.23 and last traded at $40.23, with a volume of 385 shares traded. The stock had previously closed at $40.60.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The firm’s 50-day moving average is $40.57 and its 200-day moving average is $40.54.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in SPDR SSgA Ultra Short Term Bond ETF in the 2nd quarter worth about $41,000. Private Trust Co. NA lifted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 177.1% during the 3rd quarter. Private Trust Co. NA now owns 1,707 shares of the company’s stock worth $70,000 after buying an additional 1,091 shares in the last quarter. PVG Asset Management Corp purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 2nd quarter worth approximately $225,000. AlphaStar Capital Management LLC bought a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the second quarter valued at approximately $238,000. Finally, Zega Financial LLC purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the third quarter valued at approximately $258,000.

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.