Short Interest in SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Drops By 23.2%

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,657,040 shares, a drop of 23.2% from the March 15th total of 2,157,118 shares. Based on an average daily trading volume, of 2,019,579 shares, the short-interest ratio is presently 0.8 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On SPDR Portfolio Short Term Treasury ETF

Hedge funds have recently added to or reduced their stakes in the business. Tripletail Wealth Management LLC acquired a new stake in SPDR Portfolio Short Term Treasury ETF during the 3rd quarter worth approximately $25,000. Addison Advisors LLC lifted its position in shares of SPDR Portfolio Short Term Treasury ETF by 450.0% in the 3rd quarter. Addison Advisors LLC now owns 858 shares of the company’s stock worth $25,000 after purchasing an additional 702 shares during the period. Clearstead Advisors LLC lifted its position in shares of SPDR Portfolio Short Term Treasury ETF by 103.6% in 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 period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth approximately $25,000. Finally, Private Wealth Asset Management LLC acquired a new position in shares of SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth approximately $26,000.

SPDR Portfolio Short Term Treasury ETF Price Performance

NYSEARCA:SPTS opened at $29.15 on Wednesday. The firm’s 50 day simple moving average is $29.21 and its 200 day simple moving average is $29.26. SPDR Portfolio Short Term Treasury ETF has a one year low of $29.05 and a one year high of $29.40. The company has a market cap of $6.22 billion, a PE ratio of -64.82 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.