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

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,548,347 shares, a growth of 113.6% from the July 30th total of 724,734 shares. Based on an average trading volume of 1,166,519 shares, the short-interest ratio is presently 1.3 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Investors Weigh In On SPDR Portfolio Short Term Treasury ETF

Several institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in shares of SPDR Portfolio Short Term Treasury ETF by 14.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 364,566 shares of the company’s stock valued at $10,675,000 after purchasing an additional 44,901 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth about $2,832,000. Commonwealth Equity Services LLC boosted its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 19.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 114,901 shares of the company’s stock worth $3,364,000 after buying an additional 18,947 shares during the last quarter. Composition Wealth LLC boosted its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 14.8% in the 4th quarter. Composition Wealth LLC now owns 520,153 shares of the company’s stock worth $15,230,000 after buying an additional 66,914 shares during the last quarter. Finally, Manning & Napier Advisors LLC grew its position in SPDR Portfolio Short Term Treasury ETF by 23.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 605,699 shares of the company’s stock valued at $17,735,000 after buying an additional 115,403 shares during the period.

SPDR Portfolio Short Term Treasury ETF Stock Performance

Shares of SPTS opened at $28.93 on Monday. The firm has a market capitalization of $6.11 billion, a P/E ratio of -64.33 and a beta of 0.05. SPDR Portfolio Short Term Treasury ETF has a 52 week low of $28.87 and a 52 week high of $29.40. The stock has a 50 day moving average price of $28.95 and a two-hundred day moving average price of $29.06.

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.