Short Interest in SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Declines By 41.4%

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 824,769 shares, a decrease of 41.4% from the April 30th total of 1,407,695 shares. Based on an average daily trading volume, of 1,223,429 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC boosted its stake in SPDR Portfolio Short Term Treasury ETF by 103.6% in the 4th quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock worth $25,000 after purchasing an additional 426 shares during the period. Addison Advisors LLC boosted its stake in SPDR Portfolio Short Term Treasury ETF by 450.0% in the 3rd quarter. Addison Advisors LLC now owns 858 shares of the company’s stock worth $25,000 after purchasing an additional 702 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth $25,000. Private Wealth Asset Management LLC acquired a new position in SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth $26,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth $27,000.

SPDR Portfolio Short Term Treasury ETF Trading Down 0.3%

Shares of NYSEARCA SPTS opened at $28.97 on Tuesday. The firm has a market cap of $6.01 billion, a PE ratio of -64.42 and a beta of 0.05. SPDR Portfolio Short Term Treasury ETF has a 1-year low of $28.94 and a 1-year high of $29.40. The company has a fifty day moving average price of $29.09 and a 200 day moving average price of $29.21.

About SPDR Portfolio Short Term Treasury ETF

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.