SPDR Portfolio Treasury ETF (NYSEARCA:SPTB) Sees Significant Drop in Short Interest

SPDR Portfolio Treasury ETF (NYSEARCA:SPTB) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 172 shares, a decrease of 99.8% from the October 15th total of 72,655 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 49,180 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of SPDR Portfolio Treasury ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in shares of SPDR Portfolio Treasury ETF in the third quarter valued at approximately $82,000. DWM Financial Group Inc. bought a new stake in shares of SPDR Portfolio Treasury ETF in the third quarter worth $311,000. StoneX Group Inc. acquired a new stake in SPDR Portfolio Treasury ETF in the third quarter valued at $372,000. Schwallier Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Treasury ETF in the first quarter valued at about $620,000. Finally, International Assets Investment Management LLC lifted its stake in shares of SPDR Portfolio Treasury ETF by 26.9% in the third quarter. International Assets Investment Management LLC now owns 21,990 shares of the company’s stock worth $633,000 after acquiring an additional 4,656 shares during the period.

SPDR Portfolio Treasury ETF Stock Performance

SPTB opened at $29.20 on Wednesday. The company’s 50 day moving average is $29.14 and its 200-day moving average is $29.85. SPDR Portfolio Treasury ETF has a 1-year low of $28.63 and a 1-year high of $30.96.

SPDR Portfolio Treasury ETF Company Profile

The SPDR Portfolio Treasury ETF (SPTB) is an exchange-traded fund that is based on the Bloomberg U.S. Treasury index. The fund tracks a market value-weighted index of investment-grade US Treasury securities with various maturities, not less than one year. minimum maturity of one year SPTB was launched on May 20, 2024 and is issued by State Street.