Short Interest in SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Drops By 45.5%

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,177,988 shares, a drop of 45.5% from the May 31st total of 2,159,478 shares. Based on an average trading volume of 2,386,896 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 164.5% during the 2nd quarter. Bank of America Corp DE now owns 18,216,837 shares of the company’s stock valued at $524,098,000 after buying an additional 11,328,620 shares during the period. Financial Engines Advisors L.L.C. boosted its stake in SPDR Portfolio Intermediate Term Treasury ETF by 15.3% during the third quarter. Financial Engines Advisors L.L.C. now owns 41,083,396 shares of the company’s stock worth $1,187,310,000 after buying an additional 5,444,992 shares during the period. State Street Corp boosted its stake in SPDR Portfolio Intermediate Term Treasury ETF by 72.9% during the second quarter. State Street Corp now owns 5,724,495 shares of the company’s stock worth $164,694,000 after buying an additional 2,412,823 shares during the period. LPL Financial LLC increased its position in SPDR Portfolio Intermediate Term Treasury ETF by 3.7% during the fourth quarter. LPL Financial LLC now owns 48,812,099 shares of the company’s stock valued at $1,407,741,000 after acquiring an additional 1,719,493 shares during the last quarter. Finally, AlphaQuest LLC increased its position in SPDR Portfolio Intermediate Term Treasury ETF by 643.7% during the fourth quarter. AlphaQuest LLC now owns 1,670,793 shares of the company’s stock valued at $48,186,000 after acquiring an additional 1,446,130 shares during the last quarter.

SPDR Portfolio Intermediate Term Treasury ETF Trading Down 0.5%

NYSEARCA SPTI traded down $0.13 during trading hours on Wednesday, hitting $28.26. 8,559,847 shares of the company were exchanged, compared to its average volume of 2,663,636. The stock has a 50-day moving average price of $28.39 and a 200 day moving average price of $28.66. SPDR Portfolio Intermediate Term Treasury ETF has a 52 week low of $28.09 and a 52 week high of $29.24.

About SPDR Portfolio Intermediate Term Treasury ETF

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of US Treasurys with remaining maturities between 3-10 years. SPTI was launched on May 23, 2007 and is managed by State Street.