Short Interest in SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) Expands By 55.2%

SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,855,234 shares, an increase of 55.2% from the February 26th total of 1,840,142 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 9,280,819 shares, the days-to-cover ratio is presently 0.3 days.

SPDR Portfolio Long Term Treasury ETF Stock Performance

Shares of SPTL stock traded down $0.11 during trading hours on Friday, reaching $25.98. The company had a trading volume of 11,502,502 shares, compared to its average volume of 7,526,510. The business has a fifty day moving average price of $26.67 and a 200-day moving average price of $26.84. SPDR Portfolio Long Term Treasury ETF has a one year low of $25.17 and a one year high of $28.14.

SPDR Portfolio Long Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0839 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd.

Hedge Funds Weigh In On SPDR Portfolio Long Term Treasury ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Voya Financial Advisors Inc. grew its position in SPDR Portfolio Long Term Treasury ETF by 6.5% during the third quarter. Voya Financial Advisors Inc. now owns 1,685,779 shares of the company’s stock valued at $45,516,000 after buying an additional 103,327 shares during the period. Assetmark Inc. raised its position in SPDR Portfolio Long Term Treasury ETF by 0.7% in the third quarter. Assetmark Inc. now owns 4,807,100 shares of the company’s stock worth $129,551,000 after acquiring an additional 32,556 shares during the period. First Horizon Corp purchased a new position in shares of SPDR Portfolio Long Term Treasury ETF during the 3rd quarter worth $8,752,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of SPDR Portfolio Long Term Treasury ETF during the 3rd quarter valued at $545,000. Finally, Oregon Pacific Wealth Management LLC bought a new stake in shares of SPDR Portfolio Long Term Treasury ETF during the 3rd quarter valued at $1,604,000.

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.