SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Sees Significant Increase in Short Interest

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,259,506 shares, a growth of 97.1% from the January 29th total of 638,942 shares. Based on an average daily trading volume, of 2,390,586 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 2,390,586 shares, the days-to-cover ratio is presently 0.5 days.

SPDR Portfolio Intermediate Term Treasury ETF Stock Up 0.3%

Shares of SPTI stock traded up $0.08 during trading hours on Friday, hitting $29.22. The company’s stock had a trading volume of 1,619,550 shares, compared to its average volume of 2,535,265. SPDR Portfolio Intermediate Term Treasury ETF has a 12-month low of $28.11 and a 12-month high of $29.24. The company has a 50 day moving average of $28.88 and a 200 day moving average of $28.91.

SPDR Portfolio Intermediate Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.0934 dividend. This is a boost from SPDR Portfolio Intermediate Term Treasury ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Tripletail Wealth Management LLC acquired a new position in SPDR Portfolio Intermediate Term Treasury ETF during the third quarter worth $25,000. Caitlin John LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the third quarter worth about $27,000. Elyxium Wealth LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the fourth quarter worth about $27,000. Franklin Resources Inc. raised its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 54.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,275 shares of the company’s stock worth $37,000 after purchasing an additional 449 shares during the last quarter. Finally, Financial Consulate Inc. purchased a new position in SPDR Portfolio Intermediate Term Treasury ETF in the 3rd quarter valued at about $38,000.

About SPDR Portfolio Intermediate Term Treasury ETF

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.