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

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

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. bought a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF during the second quarter worth about $209,000. Elyxium Wealth LLC bought a new stake in SPDR Portfolio Intermediate Term Treasury ETF in the fourth quarter valued at about $27,000. Franklin Resources Inc. increased its holdings 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 valued at $37,000 after buying an additional 449 shares during the last quarter. Elevated Capital Advisors LLC acquired a new stake in SPDR Portfolio Intermediate Term Treasury ETF during the first quarter valued at approximately $37,000. Finally, Smartleaf Asset Management LLC acquired a new stake in SPDR Portfolio Intermediate Term Treasury ETF during the second quarter valued at approximately $42,000.

SPDR Portfolio Intermediate Term Treasury ETF Stock Down 0.4%

Shares of NYSEARCA:SPTI traded down $0.10 during midday trading on Friday, reaching $28.04. The company had a trading volume of 2,513,430 shares, compared to its average volume of 2,457,444. The stock’s fifty day moving average price is $28.18 and its 200-day moving average price is $28.46. SPDR Portfolio Intermediate Term Treasury ETF has a one year low of $28.00 and a one year high of $29.24.

About SPDR Portfolio Intermediate Term Treasury ETF

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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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