Spirit MTA REIT (NYSE:SMTA) Short Interest Update
Spirit MTA REIT (NYSE:SMTA) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 333,500 shares, a decrease of 24.6% from the June 30th total of 442,600 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 366,200 shares, the short-interest ratio is currently 0.9 days.
Institutional investors and hedge funds have recently modified their holdings of the company. Menta Capital LLC increased its holdings in Spirit MTA REIT by 173.5% in the first quarter. Menta Capital LLC now owns 28,999 shares of the company’s stock worth $188,000 after buying an additional 18,398 shares during the last quarter. HGI Capital Management LLC acquired a new position in Spirit MTA REIT in the second quarter worth approximately $1,430,000. Norges Bank acquired a new position in Spirit MTA REIT in the fourth quarter worth approximately $3,299,000. Clear Harbor Asset Management LLC increased its holdings in Spirit MTA REIT by 132.6% in the first quarter. Clear Harbor Asset Management LLC now owns 165,337 shares of the company’s stock worth $1,073,000 after buying an additional 94,267 shares during the last quarter. Finally, Arlington Partners LLC acquired a new position in Spirit MTA REIT in the second quarter worth approximately $68,000. Institutional investors own 78.92% of the company’s stock.
Shares of SMTA traded up $0.13 during trading hours on Wednesday, reaching $8.57. The company’s stock had a trading volume of 1,251,111 shares, compared to its average volume of 312,420. Spirit MTA REIT has a 1-year low of $6.36 and a 1-year high of $11.61. The firm has a 50 day moving average of $8.43.
Spirit MTA REIT (NYSE: SMTA) is a net-lease REIT headquartered in Dallas, Texas. SMTA owns one of the largest, most diversified and seasoned commercial real estate backed master funding vehicles. SMTA is managed by Spirit Realty, L.P., a wholly-owned subsidiary of Spirit (NYSE: SRC), one of the largest publicly traded triple net-lease REITs.
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