SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) Sees Large Decline in Short Interest

SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,129,550 shares, a decrease of 32.6% from the July 30th total of 1,675,705 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 4,564,874 shares, the days-to-cover ratio is presently 0.2 days.

SPDR Portfolio Long Term Treasury ETF Price Performance

NYSEARCA:SPTL opened at $25.01 on Wednesday. SPDR Portfolio Long Term Treasury ETF has a 1-year low of $24.84 and a 1-year high of $27.70. The firm has a fifty day simple moving average of $25.50 and a 200 day simple moving average of $26.02.

Hedge Funds Weigh In On SPDR Portfolio Long Term Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPTL. Cornerstone Planning Group LLC raised its position in shares of SPDR Portfolio Long Term Treasury ETF by 3,313.9% in the first quarter. Cornerstone Planning Group LLC now owns 1,229 shares of the company’s stock valued at $32,000 after purchasing an additional 1,193 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of SPDR Portfolio Long Term Treasury ETF by 707.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the company’s stock worth $33,000 after buying an additional 1,090 shares during the period. Howe & Rusling Inc. bought a new position in SPDR Portfolio Long Term Treasury ETF in the 4th quarter valued at about $37,000. Imprint Wealth LLC bought a new position in SPDR Portfolio Long Term Treasury ETF in the 3rd quarter valued at about $45,000. Finally, Larson Financial Group LLC lifted its position in SPDR Portfolio Long Term Treasury ETF by 3,492.9% during the fourth quarter. Larson Financial Group LLC now owns 2,012 shares of the company’s stock worth $53,000 after acquiring an additional 1,956 shares during the last quarter.

About SPDR Portfolio Long Term Treasury ETF

SPDR Barclays Long Term Treasury ETF (the Fund), formerly SPDR Barclays Capital Long Term Treasury ETF, seeks to provide investment results that corresponds to the price and yield performance of the Barclays Capital Long U.S. Treasury Index (the Index). The Index includes all publicly issued, United States treasury securities that have a remaining maturity of 10 or more years, are rated investment grade, and have $250 million or more of outstanding face value. In addition, the securities must be denominated in United States dollars and must be fixed rate and non convertible.