SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) Sees Large Increase in Short Interest

SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 8,313,719 shares, an increase of 566.9% from the September 15th total of 1,246,655 shares. Based on an average trading volume of 14,130,135 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.8% of the company’s stock are short sold.

SPDR Portfolio Long Term Treasury ETF Stock Performance

Shares of SPDR Portfolio Long Term Treasury ETF stock traded up $0.03 during midday trading on Friday, hitting $23.88. The company had a trading volume of 11,601,841 shares, compared to its average volume of 7,285,049. The company has a fifty day simple moving average of $24.78 and a 200 day simple moving average of $25.55. SPDR Portfolio Long Term Treasury ETF has a 12-month low of $23.46 and a 12-month high of $27.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SPTL. Friday Financial acquired a new stake in shares of SPDR Portfolio Long Term Treasury ETF during the third quarter worth $733,000. Balefire LLC increased its position in shares of SPDR Portfolio Long Term Treasury ETF by 19.5% in the 3rd quarter. Balefire LLC now owns 45,058 shares of the company’s stock valued at $1,075,000 after acquiring an additional 7,355 shares during the period. Integrated Capital Management Inc. purchased a new position in SPDR Portfolio Long Term Treasury ETF in the 3rd quarter worth $2,734,000. Farther Finance Advisors LLC raised its stake in SPDR Portfolio Long Term Treasury ETF by 16.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,847,123 shares of the company’s stock worth $115,604,000 after acquiring an additional 669,906 shares during the last quarter. Finally, Gradient Investments LLC acquired a new stake in SPDR Portfolio Long Term Treasury ETF during the 3rd quarter worth about $23,347,000.

SPDR Portfolio Long Term Treasury ETF Company Profile

SPDR Barclays Long Term Treasury ETF (the Fund), formerly SPDR Barclays Capital Long Term Treasury ETF, seeks to provide investment results that corresponds to the price and yield performance of the Barclays Capital Long U.S. Treasury Index (the Index). The Index includes all publicly issued, United States treasury securities that have a remaining maturity of 10 or more years, are rated investment grade, and have $250 million or more of outstanding face value. In addition, the securities must be denominated in United States dollars and must be fixed rate and non convertible.