SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Shares Shorted: Short Interest Down 55.0% in September

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 704,983 shares, a drop of 55.0% from the September 15th total of 1,565,255 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,577,330 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SPTS. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of SPDR Portfolio Short Term Treasury ETF during the fourth quarter worth $25,000. Allianz Asset Management GmbH acquired a new stake in SPDR Portfolio Short Term Treasury ETF in the second quarter valued at $46,000. Root Financial Partners LLC increased its holdings in SPDR Portfolio Short Term Treasury ETF by 370.6% in the first quarter. Root Financial Partners LLC now owns 2,099 shares of the company’s stock valued at $61,000 after purchasing an additional 1,653 shares during the period. Eastern Bank acquired a new stake in SPDR Portfolio Short Term Treasury ETF in the third quarter valued at $79,000. Finally, Retirement Wealth Solutions LLC bought a new position in SPDR Portfolio Short Term Treasury ETF during the 3rd quarter worth $81,000.

SPDR Portfolio Short Term Treasury ETF Stock Performance

SPDR Portfolio Short Term Treasury ETF stock remained flat at $28.66 during midday trading on Wednesday. The company’s stock had a trading volume of 1,442,933 shares, compared to its average volume of 1,949,070. SPDR Portfolio Short Term Treasury ETF has a 1 year low of $28.58 and a 1 year high of $29.40. The firm’s 50 day moving average is $28.80 and its 200-day moving average is $28.94. The firm has a market cap of $7.14 billion, a PE ratio of -63.73 and a beta of 0.05.

About SPDR Portfolio Short Term Treasury ETF

The SPDR Portfolio Short Term Treasury ETF (SPTS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasurys with remaining maturities between 1-3 years. SPTS was launched on Nov 30, 2011 and is managed by State Street.