SPDR S&P 500 ETF Trust (SPY) Sees Large Increase in Short Interest

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 186,027,238 shares, a growth of 13.5% from the November 15th total of 163,961,041 shares. Based on an average daily volume of 69,032,921 shares, the short-interest ratio is presently 2.7 days.

Separately, S&P Equity Research started coverage on shares of SPDR S&P 500 ETF Trust in a report on Monday, December 11th. They set a $3,000.00 price objective on the stock.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) opened at $267.03 on Thursday. SPDR S&P 500 ETF Trust has a 12 month low of $222.73 and a 12 month high of $268.60.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th will be paid a dividend of $1.3513 per share. The ex-dividend date is Friday, December 15th. This represents a $5.41 dividend on an annualized basis and a dividend yield of 2.02%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s dividend payout ratio (DPR) is currently -328.77%.

Several institutional investors and hedge funds have recently bought and sold shares of SPY. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the third quarter valued at approximately $148,000. Akanthos Capital Management LLC purchased a new stake in shares of SPDR S&P 500 ETF Trust during the third quarter valued at approximately $158,000. WESPAC Advisors SoCal LLC grew its position in shares of SPDR S&P 500 ETF Trust by 68.8% during the second quarter. WESPAC Advisors SoCal LLC now owns 675 shares of the company’s stock worth $163,000 after buying an additional 275 shares in the last quarter. Almanack Investment Partners LLC. grew its position in shares of SPDR S&P 500 ETF Trust by 2.6% during the second quarter. Almanack Investment Partners LLC. now owns 698 shares of the company’s stock worth $170,000 after buying an additional 18 shares in the last quarter. Finally, Logan Capital Management Inc. acquired a new stake in shares of SPDR S&P 500 ETF Trust during the second quarter worth approximately $201,000.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://sportsperspectives.com/2017/12/21/spdr-sp-500-etf-trust-spy-sees-large-increase-in-short-interest.html.

SPDR S&P 500 ETF Trust Company Profile

SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

Receive News & Ratings for SPDR S&P 500 ETF Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P 500 ETF Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply