SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Short Interest Update

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 374,267 shares, a decline of 70.3% from the February 12th total of 1,259,506 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,890,257 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,890,257 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPTI. Blalock Williams LLC bought a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 3rd quarter valued at approximately $711,000. Gradient Investments LLC increased its stake in SPDR Portfolio Intermediate Term Treasury ETF by 5.6% in the third quarter. Gradient Investments LLC now owns 1,218,560 shares of the company’s stock worth $35,216,000 after purchasing an additional 64,799 shares during the period. CWM LLC boosted its position in SPDR Portfolio Intermediate Term Treasury ETF by 17.2% in the 3rd quarter. CWM LLC now owns 5,340,397 shares of the company’s stock valued at $154,337,000 after buying an additional 783,183 shares during the period. DAVENPORT & Co LLC raised its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 32.0% during the third quarter. DAVENPORT & Co LLC now owns 188,655 shares of the company’s stock valued at $5,452,000 after acquiring an additional 45,703 shares in the last quarter. Finally, Scotia Capital Inc. grew its stake in SPDR Portfolio Intermediate Term Treasury ETF by 31.8% in the second quarter. Scotia Capital Inc. now owns 58,239 shares of the company’s stock worth $1,676,000 after purchasing an additional 14,055 shares in the last quarter.

SPDR Portfolio Intermediate Term Treasury ETF Stock Performance

Shares of SPTI stock traded down $0.06 during trading on Wednesday, reaching $28.80. 721,309 shares of the company’s stock traded hands, compared to its average volume of 2,394,353. SPDR Portfolio Intermediate Term Treasury ETF has a 1 year low of $28.11 and a 1 year high of $29.24. The firm’s 50-day moving average is $28.89 and its 200 day moving average is $28.92.

SPDR Portfolio Intermediate Term Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.0841 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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.