SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Sees Large Decrease in Short Interest

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,177,988 shares, a decrease of 45.5% from the May 31st total of 2,159,478 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 2,386,896 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 73.3% during the 1st quarter. Jones Financial Companies Lllp now owns 28,098 shares of the company’s stock valued at $803,000 after acquiring an additional 11,885 shares during the period. Franklin Resources Inc. increased its stake in SPDR Portfolio Intermediate Term Treasury ETF by 54.4% in the second quarter. Franklin Resources Inc. now owns 1,275 shares of the company’s stock worth $37,000 after purchasing an additional 449 shares during the period. Jump Financial LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the second quarter worth $1,445,000. Cerity Partners LLC lifted its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 95.7% during the second quarter. Cerity Partners LLC now owns 32,699 shares of the company’s stock worth $938,000 after purchasing an additional 15,992 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 72.9% during the second quarter. State Street Corp now owns 5,724,495 shares of the company’s stock valued at $164,694,000 after purchasing an additional 2,412,823 shares during the period.

SPDR Portfolio Intermediate Term Treasury ETF Price Performance

SPDR Portfolio Intermediate Term Treasury ETF stock traded up $0.03 during mid-day trading on Thursday, reaching $28.29. 3,433,455 shares of the company’s stock traded hands, compared to its average volume of 2,669,794. The stock has a 50 day moving average of $28.38 and a two-hundred day moving average of $28.66. SPDR Portfolio Intermediate Term Treasury ETF has a 12-month low of $28.09 and a 12-month high of $29.24.

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.