SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Short Interest Up 93.4% in May

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,159,478 shares, a growth of 93.4% from the May 14th total of 1,116,586 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,980,348 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

A number of large investors have recently added to or reduced their stakes in the business. NorthRock Partners LLC boosted its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 8,916.4% during the 3rd quarter. NorthRock Partners LLC now owns 888,742 shares of the company’s stock valued at $25,685,000 after purchasing an additional 878,885 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 1.4% during the 4th quarter. Carnegie Investment Counsel now owns 1,809,234 shares of the company’s stock valued at $52,178,000 after purchasing an additional 24,325 shares in the last quarter. Merit Financial Group LLC lifted its position in SPDR Portfolio Intermediate Term Treasury ETF by 7.0% during the 4th quarter. Merit Financial Group LLC now owns 5,757,906 shares of the company’s stock valued at $166,058,000 after acquiring an additional 377,331 shares during the period. Gradient Investments LLC lifted its position in SPDR Portfolio Intermediate Term Treasury ETF by 4.6% during the 4th quarter. Gradient Investments LLC now owns 1,274,860 shares of the company’s stock valued at $36,767,000 after acquiring an additional 56,300 shares during the period. Finally, Compton Financial Group LLC lifted its position in SPDR Portfolio Intermediate Term Treasury ETF by 3.0% during the 3rd quarter. Compton Financial Group LLC now owns 2,048,526 shares of the company’s stock valued at $59,202,000 after acquiring an additional 60,286 shares during the period.

SPDR Portfolio Intermediate Term Treasury ETF Price Performance

Shares of SPTI stock traded up $0.03 on Monday, hitting $28.33. 1,471,648 shares of the company’s stock traded hands, compared to its average volume of 2,598,848. The company’s fifty day simple moving average is $28.45 and its 200 day simple moving average is $28.71. SPDR Portfolio Intermediate Term Treasury ETF has a one year low of $28.09 and a one year high of $29.24.

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.