SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Short Interest Up 70.1% in July

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,129,686 shares, an increase of 70.1% from the June 30th total of 664,113 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 1,596,824 shares, the short-interest ratio is presently 0.7 days.

SPDR Portfolio Short Term Treasury ETF Stock Performance

NYSEARCA SPTS opened at $28.97 on Friday. SPDR Portfolio Short Term Treasury ETF has a twelve month low of $28.88 and a twelve month high of $29.40. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of -64.42 and a beta of 0.05. The stock has a 50-day moving average of $28.96 and a 200 day moving average of $29.11.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clearstead Advisors LLC boosted its stake in SPDR Portfolio Short Term Treasury ETF by 103.6% during the 4th quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock worth $25,000 after purchasing an additional 426 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of SPDR Portfolio Short Term Treasury ETF in the 4th quarter valued at approximately $25,000. Private Wealth Asset Management LLC purchased a new position in SPDR Portfolio Short Term Treasury ETF in the fourth quarter worth approximately $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of SPDR Portfolio Short Term Treasury ETF during the 4th quarter worth about $27,000. Finally, Manchester Capital Management LLC acquired a new stake in shares of SPDR Portfolio Short Term Treasury ETF during the fourth quarter valued at about $36,000.

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.