For investors looking for momentum, SPDR Portfolio Short Term Treasury ETF (SPTS - Free Report) is probably a suitable pick. The fund just hit a 52-week high, up roughly 2.7% from its 52-week low of $29.33/share.
But does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
SPTS in Focus
The fund seeks to replicate investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays 1-3 Year U.S. Treasury Index. SPTS is charging 6 bps in fees. The fund has amassed $1.70 billion in AUM.
Why the Move?
Federal Reserve is expected to soon repurchase short-term US Treasury bonds to expand its balance sheet in order to avoid a cash crunch. Moreover, escalating Sino-US trade war tensions are worrying the investors. Recently, the Trump government added some of China’s top AI startups to its trade blacklist. Moreover, uncertainty in markets due to geopolitical tensions, slowdown in the global economy and Brexit woes are making investors jittery, adding to the lure of these funds.
More Gains Ahead?
Currently, SPTS has a Zacks Rank #3 (Hold). Therefore, it is hard to get a handle on its future returns one way or the other. However, it seems SPTS might remain strong given a positive weighted alpha of 2.40.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors looking for momentum, SPDR Portfolio Short Term Treasury ETF (SPTS - Free Report) is probably a suitable pick. The fund just hit a 52-week high, up roughly 2.7% from its 52-week low of $29.33/share.
But does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
SPTS in Focus
The fund seeks to replicate investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays 1-3 Year U.S. Treasury Index. SPTS is charging 6 bps in fees. The fund has amassed $1.70 billion in AUM.
Why the Move?
Federal Reserve is expected to soon repurchase short-term US Treasury bonds to expand its balance sheet in order to avoid a cash crunch. Moreover, escalating Sino-US trade war tensions are worrying the investors. Recently, the Trump government added some of China’s top AI startups to its trade blacklist. Moreover, uncertainty in markets due to geopolitical tensions, slowdown in the global economy and Brexit woes are making investors jittery, adding to the lure of these funds.
More Gains Ahead?
Currently, SPTS has a Zacks Rank #3 (Hold). Therefore, it is hard to get a handle on its future returns one way or the other. However, it seems SPTS might remain strong given a positive weighted alpha of 2.40.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on SPTS - FREE