SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Short Interest Down 35.0% in July

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,020,380 shares, a drop of 35.0% from the June 30th total of 1,569,660 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 2,787,836 shares, the days-to-cover ratio is presently 0.4 days.

SPDR Portfolio Intermediate Term Treasury ETF Stock Performance

Shares of SPTI stock traded down $0.06 during trading hours on Friday, reaching $28.08. The company had a trading volume of 1,842,984 shares, compared to its average volume of 2,555,854. The business has a fifty day moving average price of $28.25 and a 200-day moving average price of $28.55. SPDR Portfolio Intermediate Term Treasury ETF has a one year low of $28.00 and a one year high of $29.24.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Several large investors have recently made changes to their positions in SPTI. Elyxium Wealth LLC bought a new position in SPDR Portfolio Intermediate Term Treasury ETF during the fourth quarter valued at approximately $27,000. Elevated Capital Advisors LLC bought a new stake in SPDR Portfolio Intermediate Term Treasury ETF in the 1st quarter worth approximately $37,000. Franklin Resources Inc. raised its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 54.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,275 shares of the company’s stock worth $37,000 after acquiring an additional 449 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 2nd quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 2nd quarter valued at approximately $49,000.

SPDR Portfolio Intermediate Term Treasury ETF Company Profile

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.