SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Short Interest Up 92.3% in August

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTIGet Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 2,058,283 shares, a growth of 92.3% from the July 30th total of 1,070,551 shares. Based on an average trading volume of 1,760,405 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.5% of the shares of the company are sold short.

SPDR Portfolio Intermediate Term Treasury ETF Stock Performance

Shares of SPTI stock traded down $0.10 on Friday, hitting $28.04. 2,513,430 shares of the stock traded hands, compared to its average volume of 2,457,444. The company’s fifty day moving average is $28.18 and its 200 day moving average is $28.46. SPDR Portfolio Intermediate Term Treasury ETF has a 1-year low of $28.00 and a 1-year high of $29.24.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPTI. Elyxium Wealth LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF in the 4th quarter valued at about $27,000. Elevated Capital Advisors LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 1st quarter valued at about $37,000. Franklin Resources Inc. raised its stake in SPDR Portfolio Intermediate Term Treasury ETF by 54.4% during the second quarter. Franklin Resources Inc. now owns 1,275 shares of the company’s stock worth $37,000 after acquiring an additional 449 shares during the period. Smartleaf Asset Management LLC acquired a new stake in SPDR Portfolio Intermediate Term Treasury ETF during the second quarter worth about $42,000. Finally, Tower Research Capital LLC TRC bought a new position in SPDR Portfolio Intermediate Term Treasury ETF in the second quarter worth about $49,000.

SPDR Portfolio Intermediate Term Treasury ETF Company Profile

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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.

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