SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sees Significant Increase in Short Interest

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 2,157,118 shares, an increase of 38.9% from the February 26th total of 1,552,741 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 1,348,854 shares, the days-to-cover ratio is presently 1.6 days.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Alliance Wealth Advisors LLC UT bought a new stake in shares of SPDR Portfolio Short Term Treasury ETF during the third quarter valued at approximately $686,000. Great Point Wealth Advisors LLC bought a new position in SPDR Portfolio Short Term Treasury ETF in the third quarter worth $17,271,000. Gradient Investments LLC raised its holdings in SPDR Portfolio Short Term Treasury ETF by 4.3% in the fourth quarter. Gradient Investments LLC now owns 582,225 shares of the company’s stock worth $17,048,000 after purchasing an additional 24,040 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV lifted its position in SPDR Portfolio Short Term Treasury ETF by 3.4% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,005,112 shares of the company’s stock valued at $29,470,000 after buying an additional 32,992 shares during the period. Finally, Intrua Financial LLC purchased a new position in SPDR Portfolio Short Term Treasury ETF during the third quarter valued at $2,020,000.

SPDR Portfolio Short Term Treasury ETF Stock Performance

Shares of NYSEARCA SPTS traded up $0.04 during mid-day trading on Friday, hitting $29.10. The stock had a trading volume of 2,511,175 shares, compared to its average volume of 1,809,661. The business has a 50 day moving average price of $29.25 and a two-hundred day moving average price of $29.28. SPDR Portfolio Short Term Treasury ETF has a 1 year low of $29.05 and a 1 year high of $29.40. The firm has a market cap of $5.53 billion, a P/E ratio of -64.71 and a beta of 0.05.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.084 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 Short Term Treasury ETF’s dividend payout ratio (DPR) is -255.71%.

SPDR Portfolio Short Term Treasury ETF Company Profile

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.