Short Interest in SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Declines By 35.0%

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,020,380 shares, a drop of 35.0% from the June 30th total of 1,569,660 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 2,787,836 shares, the days-to-cover ratio is currently 0.4 days.

SPDR Portfolio Intermediate Term Treasury ETF Stock Down 0.4%

Shares of NYSEARCA SPTI traded down $0.10 during trading on Friday, hitting $28.04. 1,108,084 shares of the company traded hands, compared to its average volume of 2,549,792. The company has a 50-day moving average price of $28.26 and a 200-day moving average price of $28.55. SPDR Portfolio Intermediate Term Treasury ETF has a 1 year low of $28.00 and a 1 year high of $29.24.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Merit Financial Group LLC lifted its position in SPDR Portfolio Intermediate Term Treasury ETF by 7.0% during the fourth quarter. Merit Financial Group LLC now owns 5,757,906 shares of the company’s stock valued at $166,058,000 after buying an additional 377,331 shares in the last quarter. Carnegie Investment Counsel increased its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 1.4% in the fourth quarter. Carnegie Investment Counsel now owns 1,809,234 shares of the company’s stock worth $52,178,000 after acquiring an additional 24,325 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 39.7% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 199,019 shares of the company’s stock valued at $5,740,000 after acquiring an additional 56,519 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF in the 4th quarter valued at $518,000. Finally, 3EDGE Asset Management LP lifted its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 95.8% during the 4th quarter. 3EDGE Asset Management LP now owns 1,066,465 shares of the company’s stock valued at $30,810,000 after acquiring an additional 521,853 shares in the last quarter.

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.