SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL – Get Free Report) saw 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 daily volume of 14,130,135 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.8% of the company’s shares are short sold.
SPDR Portfolio Long Term Treasury ETF Trading Up 0.1%
SPTL traded up $0.03 during trading on Friday, hitting $23.88. 11,601,841 shares of the stock were exchanged, compared to its average volume of 7,285,049. The firm has a 50 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 1 year low of $23.46 and a 1 year high of $27.70.
Hedge Funds Weigh In On SPDR Portfolio Long Term Treasury ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in SPTL. State Street Corp boosted its position in shares of SPDR Portfolio Long Term Treasury ETF by 13.0% in the 2nd quarter. State Street Corp now owns 77,418,976 shares of the company’s stock worth $2,030,700,000 after purchasing an additional 8,901,340 shares in the last quarter. Bank of America Corp DE increased its position in SPDR Portfolio Long Term Treasury ETF by 52.0% during the 1st quarter. Bank of America Corp DE now owns 14,599,817 shares of the company’s stock valued at $383,975,000 after buying an additional 4,995,927 shares in the last quarter. Gradient Investments LLC acquired a new position in SPDR Portfolio Long Term Treasury ETF during the 3rd quarter valued at about $23,347,000. Envestnet Asset Management Inc. raised its stake in SPDR Portfolio Long Term Treasury ETF by 8.6% in the second quarter. Envestnet Asset Management Inc. now owns 11,877,341 shares of the company’s stock valued at $311,543,000 after buying an additional 935,837 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in SPDR Portfolio Long Term Treasury ETF by 16.0% in the third quarter. Farther Finance Advisors LLC now owns 4,847,123 shares of the company’s stock valued at $115,604,000 after buying an additional 669,906 shares during the last quarter.
About SPDR Portfolio Long Term Treasury ETF
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.
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