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

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,157,118 shares, an increase of 38.9% from the February 26th total of 1,552,741 shares. Based on an average daily volume of 1,348,854 shares, the short-interest ratio is presently 1.6 days. Approximately 1.1% of the shares of the company are sold short.

SPDR Portfolio Short Term Treasury ETF Stock Up 0.2%

Shares of NYSEARCA:SPTS opened at $29.16 on Tuesday. SPDR Portfolio Short Term Treasury ETF has a fifty-two week low of $29.05 and a fifty-two week high of $29.40. The firm has a 50-day simple moving average of $29.25 and a 200 day simple moving average of $29.28. The company has a market cap of $5.54 billion, a PE ratio of -64.84 and a beta of 0.05.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.084 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, March 2nd. SPDR Portfolio Short Term Treasury ETF’s dividend payout ratio is presently -255.71%.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan lifted its position in SPDR Portfolio Short Term Treasury ETF by 17.9% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 25,879,762 shares of the company’s stock valued at $757,760,000 after purchasing an additional 3,937,024 shares during the last quarter. State Street Corp grew its position in SPDR Portfolio Short Term Treasury ETF by 3.9% in the 4th quarter. State Street Corp now owns 13,321,666 shares of the company’s stock worth $390,058,000 after purchasing an additional 498,279 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SPDR Portfolio Short Term Treasury ETF by 0.4% in the third quarter. Envestnet Asset Management Inc. now owns 5,539,655 shares of the company’s stock valued at $162,423,000 after purchasing an additional 23,320 shares during the period. Members Trust Co increased its stake in shares of SPDR Portfolio Short Term Treasury ETF by 2.0% in the fourth quarter. Members Trust Co now owns 3,518,624 shares of the company’s stock valued at $103,025,000 after purchasing an additional 68,056 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 9.6% during the fourth quarter. Cerity Partners LLC now owns 3,048,181 shares of the company’s stock valued at $89,251,000 after buying an additional 266,521 shares during the last quarter.

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.