SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Short Interest Update

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 2,904,960 shares, a growth of 676.2% from the February 26th total of 374,267 shares. Based on an average daily volume of 2,573,302 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the company’s shares are sold short.

SPDR Portfolio Intermediate Term Treasury ETF Trading Down 0.6%

Shares of SPTI stock traded down $0.16 during trading hours on Thursday, hitting $28.44. 3,129,851 shares of the company were exchanged, compared to its average volume of 2,772,365. SPDR Portfolio Intermediate Term Treasury ETF has a 52-week low of $28.11 and a 52-week high of $29.24. The firm has a fifty day simple moving average of $28.85 and a 200 day simple moving average of $28.90.

SPDR Portfolio Intermediate Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.0841 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.5%.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

A number of large investors have recently modified their holdings of SPTI. Tripletail Wealth Management LLC purchased a new position in SPDR Portfolio Intermediate Term Treasury ETF in the third quarter worth $25,000. Caitlin John LLC bought a new stake in SPDR Portfolio Intermediate Term Treasury ETF during the third quarter worth about $27,000. Elyxium Wealth LLC bought a new stake in SPDR Portfolio Intermediate Term Treasury ETF during the fourth quarter worth about $27,000. Franklin Resources Inc. boosted its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 54.4% in the 2nd quarter. Franklin Resources Inc. now owns 1,275 shares of the company’s stock worth $37,000 after purchasing an additional 449 shares in the last quarter. Finally, Financial Consulate Inc. purchased a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF in the 3rd quarter worth about $38,000.

About SPDR Portfolio Intermediate Term Treasury ETF

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of US Treasurys with remaining maturities between 3-10 years. SPTI was launched on May 23, 2007 and is managed by State Street.