SPDR S&P 500 ETF Trust (NYSEARCA:SPY) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 203,868,847 shares, an increase of 3.3% from the February 15th total of 197,396,512 shares. Based on an average daily volume of 107,056,199 shares, the short-interest ratio is presently 1.9 days.
Shares of SPDR S&P 500 ETF Trust stock traded down $5.92 on Friday, hitting $259.72. 179,441,592 shares of the company traded hands, compared to its average volume of 120,407,031. SPDR S&P 500 ETF Trust has a 52 week low of $232.51 and a 52 week high of $286.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, March 19th will be paid a $1.0968 dividend. This represents a $4.39 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, March 16th.
Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price objective for the company.
A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in SPDR S&P 500 ETF Trust by 29.3% in the third quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock worth $2,209,311,000 after buying an additional 1,988,866 shares in the last quarter. ING Groep NV grew its holdings in SPDR S&P 500 ETF Trust by 719.4% in the fourth quarter. ING Groep NV now owns 6,017,360 shares of the company’s stock worth $1,605,793,000 after purchasing an additional 5,283,013 shares during the last quarter. Truepoint Inc. grew its holdings in SPDR S&P 500 ETF Trust by 25,023.2% in the third quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock worth $5,454,000 after purchasing an additional 5,432,046 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in SPDR S&P 500 ETF Trust by 64.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock worth $1,077,361,000 after purchasing an additional 1,676,732 shares during the last quarter. Finally, First Republic Investment Management Inc. grew its holdings in SPDR S&P 500 ETF Trust by 3.5% in the fourth quarter. First Republic Investment Management Inc. now owns 3,802,318 shares of the company’s stock worth $1,014,686,000 after purchasing an additional 127,325 shares during the last quarter.
TRADEMARK VIOLATION NOTICE: “SPDR S&P 500 ETF Trust (NYSEARCA:SPY) Sees Significant Growth in Short Interest” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/04/07/spdr-sp-500-etf-trust-spy-short-interest-up-3-3-in-february.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.