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SPDR Portfolio Short Term Treasury ETF T.SST.U


Primary Symbol: SPTS

The investment seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays 1-3 Year U. The fund invests at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of short term (1-3 years) public obligations of the U.S. Treasury.


ARCA:SPTS - Post by User

Post by jskellyon May 24, 2007 1:47pm
269 Views
Post# 12833021

Cheap SST via Warrants

Cheap SST via WarrantsIt is interesting that SST is at a new all-time high of $2.80 yet the warrants (maturing June 7, 2007) that allow purchase of common stock at $1.80 are only trading at $.75 which is a DISCOUNT of $0.25 or 25%!!! Also, if one buys warrants there is no cost to exercise, so a saving of commissions. Latimer seems to be real anxious for the stock - wonder why they don't just buy the warrants up to $1.00?? Enquiring minds get confused!!
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