SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sees Large Increase in Short Interest

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,319,138 shares, an increase of 78.3% from the May 31st total of 739,930 shares. Based on an average daily volume of 1,391,360 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in SPDR Portfolio Short Term Treasury ETF by 12.8% in the first quarter. Empowered Funds LLC now owns 247,350 shares of the company’s stock valued at $7,197,000 after acquiring an additional 28,050 shares during the last quarter. Financial Solutions Advisory Group Inc. acquired a new stake in SPDR Portfolio Short Term Treasury ETF during the first quarter worth about $103,133,000. Verus Capital Partners LLC increased its stake in SPDR Portfolio Short Term Treasury ETF by 9.8% during the first quarter. Verus Capital Partners LLC now owns 178,336 shares of the company’s stock worth $5,204,000 after acquiring an additional 15,964 shares during the last quarter. Hobbs Group Advisors LLC increased its stake in SPDR Portfolio Short Term Treasury ETF by 0.6% during the first quarter. Hobbs Group Advisors LLC now owns 157,355 shares of the company’s stock worth $4,592,000 after acquiring an additional 990 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF in the 1st quarter worth about $406,000.

SPDR Portfolio Short Term Treasury ETF Stock Up 0.2%

NYSEARCA:SPTS opened at $28.95 on Friday. The company has a market cap of $5.83 billion, a P/E ratio of -64.37 and a beta of 0.05. SPDR Portfolio Short Term Treasury ETF has a fifty-two week low of $28.90 and a fifty-two week high of $29.40. The firm’s 50 day moving average is $29.02 and its two-hundred day moving average is $29.16.

SPDR Portfolio Short Term Treasury ETF Company Profile

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.