SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Short Interest Up 106.8% in February

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,552,741 shares, an increase of 106.8% from the February 12th total of 750,913 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 1,091,570 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 1,091,570 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.8% of the shares of the company are sold short.

SPDR Portfolio Short Term Treasury ETF Stock Performance

Shares of SPDR Portfolio Short Term Treasury ETF stock traded down $0.03 during trading on Thursday, reaching $29.17. The company’s stock had a trading volume of 331,111 shares, compared to its average volume of 1,740,708. SPDR Portfolio Short Term Treasury ETF has a one year low of $29.06 and a one year high of $29.40. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of -64.86 and a beta of 0.05. The business’s fifty day moving average price is $29.28 and its 200-day moving average price is $29.29.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The firm 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 $0.084 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. SPDR Portfolio Short Term Treasury ETF’s payout ratio is -255.71%.

Institutional Investors Weigh In On SPDR Portfolio Short Term Treasury ETF

Several hedge funds and other institutional investors have recently modified their holdings of SPTS. Municipal Employees Retirement System of Michigan grew its position in SPDR Portfolio Short Term Treasury ETF by 17.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 25,879,762 shares of the company’s stock worth $757,760,000 after buying an additional 3,937,024 shares in the last quarter. Quent Long Short Global Small Cap Fund LP bought a new position in shares of SPDR Portfolio Short Term Treasury ETF during the 4th quarter worth about $29,859,000. CWM LLC boosted its position in shares of SPDR Portfolio Short Term Treasury ETF by 88.9% during the 3rd quarter. CWM LLC now owns 1,624,900 shares of the company’s stock valued at $47,642,000 after acquiring an additional 764,809 shares in the last quarter. Modern Wealth Management LLC increased its stake in SPDR Portfolio Short Term Treasury ETF by 74.9% in the third quarter. Modern Wealth Management LLC now owns 1,745,879 shares of the company’s stock valued at $51,189,000 after acquiring an additional 747,653 shares during the period. Finally, Castleark Management LLC increased its stake in SPDR Portfolio Short Term Treasury ETF by 119.5% in the second quarter. Castleark Management LLC now owns 1,334,080 shares of the company’s stock valued at $39,075,000 after acquiring an additional 726,290 shares during the period.

About SPDR Portfolio Short Term Treasury ETF

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.