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

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,490,000 shares, a drop of 31.0% from the September 30th total of 2,160,000 shares. Based on an average daily trading volume, of 1,816,200 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,816,200 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of SPDR Portfolio Intermediate Term Treasury ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPTI. Bank of America Corp DE lifted its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 164.5% in the second quarter. Bank of America Corp DE now owns 18,216,837 shares of the company’s stock worth $524,098,000 after buying an additional 11,328,620 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 35.7% during the first quarter. Municipal Employees Retirement System of Michigan now owns 35,861,653 shares of the company’s stock valued at $1,024,926,000 after purchasing an additional 9,437,321 shares during the last quarter. GLOBALT Investments LLC GA lifted its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 75.2% during the second quarter. GLOBALT Investments LLC GA now owns 5,687,092 shares of the company’s stock valued at $163,618,000 after purchasing an additional 2,440,938 shares during the last quarter. State Street Corp lifted its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 72.9% during the second quarter. State Street Corp now owns 5,724,495 shares of the company’s stock valued at $164,694,000 after purchasing an additional 2,412,823 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 49.8% during the second quarter. Envestnet Asset Management Inc. now owns 5,259,954 shares of the company’s stock valued at $151,328,000 after purchasing an additional 1,748,738 shares during the last quarter.

SPDR Portfolio Intermediate Term Treasury ETF Stock Performance

SPTI traded down $0.10 on Monday, hitting $28.86. The company had a trading volume of 9,466,078 shares, compared to its average volume of 3,456,962. SPDR Portfolio Intermediate Term Treasury ETF has a 52-week low of $27.62 and a 52-week high of $29.15. The stock has a fifty day simple moving average of $28.95 and a 200-day simple moving average of $28.68.

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.