SPDR S&P 500 ETF Trust (SPY) Short Interest Down 16.6% in September
SPDR S&P 500 ETF Trust (NYSE:SPY) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 223,823,356 shares, a decline of 16.6% from the September 15th total of 268,250,424 shares. Based on an average daily trading volume, of 96,977,533 shares, the short-interest ratio is presently 2.3 days.
Separately, Goldman Sachs Group Inc. cut SPDR S&P 500 ETF Trust to an “underweight” rating in a research note on Monday, August 1st.
Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 213.12 on Monday. SPDR S&P 500 ETF Trust has a 52 week low of $181.02 and a 52 week high of $219.60. The company has a 50 day moving average price of $215.65 and a 200 day moving average price of $211.89.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Tuesday, September 20th will be given a $1.0821 dividend. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.08. The ex-dividend date is Friday, September 16th. This represents a $4.33 annualized dividend and a yield of 2.03%.
About SPDR S&P 500 ETF Trust
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.
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