SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) Shares Shorted: Short Interest Down 88.3% in October

SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 968,663 shares, a decline of 88.3% from the September 30th total of 8,313,719 shares. Based on an average daily volume of 15,978,120 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On SPDR Portfolio Long Term Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in SPDR Portfolio Long Term Treasury ETF by 13.0% during 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 raised its position in shares of SPDR Portfolio Long Term Treasury ETF by 52.0% in the first quarter. Bank of America Corp DE now owns 14,599,817 shares of the company’s stock valued at $383,975,000 after purchasing an additional 4,995,927 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of 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 worth $311,543,000 after acquiring an additional 935,837 shares during the period. Assetmark Inc. lifted its holdings in SPDR Portfolio Long Term Treasury ETF by 0.6% during the 1st quarter. Assetmark Inc. now owns 5,830,936 shares of the company’s stock worth $153,354,000 after purchasing an additional 34,452 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in SPDR Portfolio Long Term Treasury ETF by 16.0% during the 3rd 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 in the last quarter.

SPDR Portfolio Long Term Treasury ETF Stock Performance

NYSEARCA:SPTL traded down $0.02 during trading hours on Tuesday, hitting $24.90. The company’s stock had a trading volume of 1,893,657 shares, compared to its average volume of 7,644,001. The stock has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $25.79. SPDR Portfolio Long Term Treasury ETF has a twelve month low of $23.46 and a twelve month high of $27.70.

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.