Spirit MTA REIT (NYSE:SMTA) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 494,100 shares, an increase of 44.6% from the May 30th total of 341,800 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 287,700 shares, the short-interest ratio is currently 1.7 days.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Menta Capital LLC grew its position in Spirit MTA REIT by 173.5% during the 1st quarter. Menta Capital LLC now owns 28,999 shares of the company’s stock worth $188,000 after acquiring an additional 18,398 shares during the last quarter. Norges Bank bought a new stake in Spirit MTA REIT during the 4th quarter worth approximately $3,299,000. Clear Harbor Asset Management LLC grew its position in Spirit MTA REIT by 132.6% during the 1st quarter. Clear Harbor Asset Management LLC now owns 165,337 shares of the company’s stock worth $1,073,000 after acquiring an additional 94,267 shares during the last quarter. Geode Capital Management LLC grew its position in Spirit MTA REIT by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 558,708 shares of the company’s stock worth $3,983,000 after acquiring an additional 26,663 shares during the last quarter. Finally, Hill Winds Capital LP grew its position in Spirit MTA REIT by 2.5% during the 1st quarter. Hill Winds Capital LP now owns 625,033 shares of the company’s stock worth $4,056,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.
NYSE SMTA traded down $0.03 during trading hours on Thursday, reaching $8.55. 249,300 shares of the company’s stock were exchanged, compared to its average volume of 296,788. Spirit MTA REIT has a one year low of $6.36 and a one year high of $11.61. The business’s fifty day simple moving average is $8.20.
About Spirit MTA REIT
Spirit MTA REIT (NYSE: SMTA) is a net-lease REIT headquartered in Dallas, Texas. SMTA owns one of the largest, most diversified and seasoned commercial real estate backed master funding vehicles. SMTA is managed by Spirit Realty, L.P., a wholly-owned subsidiary of Spirit (NYSE: SRC), one of the largest publicly traded triple net-lease REITs.
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