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

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 374,267 shares, a drop of 70.3% from the February 12th total of 1,259,506 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,890,257 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,890,257 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPTI. Downshift Financial LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the fourth quarter worth about $2,664,000. Corient Private Wealth LLC increased its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 6.0% during the 4th quarter. Corient Private Wealth LLC now owns 21,650 shares of the company’s stock worth $624,000 after purchasing an additional 1,219 shares in the last quarter. Barnes Wealth Management Group Inc raised its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 2.2% in the fourth quarter. Barnes Wealth Management Group Inc now owns 23,524 shares of the company’s stock worth $678,000 after purchasing an additional 509 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 2.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,458,233 shares of the company’s stock valued at $42,055,000 after purchasing an additional 34,476 shares in the last quarter. Finally, Virtue Capital Management LLC boosted its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 73.5% during the fourth quarter. Virtue Capital Management LLC now owns 50,428 shares of the company’s stock valued at $1,453,000 after buying an additional 21,357 shares during the last quarter.

SPDR Portfolio Intermediate Term Treasury ETF Stock Down 0.2%

NYSEARCA SPTI traded down $0.06 on Wednesday, hitting $28.80. 721,309 shares of the company were exchanged, compared to its average volume of 2,394,353. The stock has a fifty day moving average of $28.89 and a 200-day moving average of $28.92. SPDR Portfolio Intermediate Term Treasury ETF has a 12 month low of $28.11 and a 12 month high of $29.24.

SPDR Portfolio Intermediate Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.0841 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd.

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.