SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sees Significant Decrease in Short Interest

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 847,580 shares, a decline of 42.2% from the January 15th total of 1,465,459 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 3,368,395 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 3,368,395 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are short sold.

SPDR Portfolio Short Term Treasury ETF Price Performance

SPTS stock traded up $0.04 during trading on Friday, hitting $29.35. 631,427 shares of the stock traded hands, compared to its average volume of 2,087,058. SPDR Portfolio Short Term Treasury ETF has a 1 year low of $29.00 and a 1 year high of $29.39. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of -65.26 and a beta of 0.05. The firm’s 50 day moving average is $29.27 and its two-hundred day moving average is $29.28.

SPDR Portfolio Short Term Treasury ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1017 per share. This represents a c) annualized dividend and a yield of 4.2%. This is a positive change from SPDR Portfolio Short Term Treasury ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, February 2nd. SPDR Portfolio Short Term Treasury ETF’s dividend payout ratio is presently -257.94%.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

A number of hedge funds have recently modified their holdings of SPTS. Municipal Employees Retirement System of Michigan raised its position in SPDR Portfolio Short Term Treasury ETF by 17.9% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 25,879,762 shares of the company’s stock valued at $757,760,000 after purchasing an additional 3,937,024 shares during the last quarter. Members Trust Co boosted its stake in shares of SPDR Portfolio Short Term Treasury ETF by 46.3% during the second quarter. Members Trust Co now owns 3,388,316 shares of the company’s stock worth $99,244,000 after buying an additional 1,071,568 shares during the period. Quent Long Short Global Small Cap Fund LP purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF during the fourth quarter worth about $29,859,000. CWM LLC grew its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 88.9% during the third quarter. CWM LLC now owns 1,624,900 shares of the company’s stock worth $47,642,000 after buying an additional 764,809 shares during the last quarter. Finally, Modern Wealth Management LLC increased its position in SPDR Portfolio Short Term Treasury ETF by 74.9% in the 3rd quarter. Modern Wealth Management LLC now owns 1,745,879 shares of the company’s stock valued at $51,189,000 after acquiring an additional 747,653 shares during the period.

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.