SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) Short Interest Up 55.2% in March

SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 2,855,234 shares, a growth of 55.2% from the February 26th total of 1,840,142 shares. Based on an average daily volume of 9,280,819 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the company’s stock are sold short.

SPDR Portfolio Long Term Treasury ETF Stock Down 0.4%

SPTL opened at $25.98 on Friday. SPDR Portfolio Long Term Treasury ETF has a fifty-two week low of $25.17 and a fifty-two week high of $28.14. The business has a 50-day moving average of $26.67 and a 200-day moving average of $26.84.

SPDR Portfolio Long Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.0839 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%.

Hedge Funds Weigh In On SPDR Portfolio Long Term Treasury ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Purpose Unlimited Inc. acquired a new stake in SPDR Portfolio Long Term Treasury ETF in the fourth quarter valued at approximately $119,000. World Investment Advisors increased its stake in shares of SPDR Portfolio Long Term Treasury ETF by 13.0% during the 4th quarter. World Investment Advisors now owns 372,608 shares of the company’s stock worth $9,863,000 after purchasing an additional 42,833 shares during the last quarter. Targeted Financial Services LLC acquired a new position in shares of SPDR Portfolio Long Term Treasury ETF during the 4th quarter worth $4,636,000. WealthPoint Financial LLC bought a new position in shares of SPDR Portfolio Long Term Treasury ETF during the 4th quarter valued at $856,000. Finally, Axxcess Wealth Management LLC raised its holdings in shares of SPDR Portfolio Long Term Treasury ETF by 169.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 263,357 shares of the company’s stock valued at $6,971,000 after purchasing an additional 165,749 shares in the last quarter.

SPDR Portfolio Long Term Treasury ETF Company Profile

SPDR Barclays Long Term Treasury ETF (the Fund), formerly SPDR Barclays Capital Long Term Treasury ETF, seeks to provide investment results that corresponds to the price and yield performance of the Barclays Capital Long U.S. Treasury Index (the Index). The Index includes all publicly issued, United States treasury securities that have a remaining maturity of 10 or more years, are rated investment grade, and have $250 million or more of outstanding face value. In addition, the securities must be denominated in United States dollars and must be fixed rate and non convertible.