SPDR S&P 500 ETF Trust (SPY) Short Interest Up 7.7% in January

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 152,238,355 shares, a growth of 7.7% from the January 12th total of 141,317,524 shares. Based on an average daily trading volume, of 109,823,216 shares, the days-to-cover ratio is presently 1.4 days.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $261.50 on Monday. SPDR S&P 500 ETF Trust has a 12-month low of $230.62 and a 12-month high of $286.63. The firm has a market capitalization of $267,840.00 and a P/E ratio of -179.11.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Monday, December 18th were given a $1.3513 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $5.41 annualized dividend and a yield of 2.07%. This is an increase from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.23. SPDR S&P 500 ETF Trust’s payout ratio is presently -328.77%.

A number of hedge funds have recently made changes to their positions in SPY. J.P. Marvel Investment Advisors LLC raised its holdings in shares of SPDR S&P 500 ETF Trust by 0.3% during the second quarter. J.P. Marvel Investment Advisors LLC now owns 3,539 shares of the company’s stock valued at $856,000 after acquiring an additional 9 shares in the last quarter. Scholtz & Company LLC raised its holdings in shares of SPDR S&P 500 ETF Trust by 5.9% during the second quarter. Scholtz & Company LLC now owns 1,175 shares of the company’s stock valued at $284,000 after acquiring an additional 65 shares in the last quarter. Waters Parkerson & CO. LLC raised its holdings in shares of SPDR S&P 500 ETF Trust by 1.2% during the second quarter. Waters Parkerson & CO. LLC now owns 6,331 shares of the company’s stock valued at $1,531,000 after acquiring an additional 76 shares in the last quarter. Greenwood Gearhart Inc. raised its holdings in shares of SPDR S&P 500 ETF Trust by 4.3% during the second quarter. Greenwood Gearhart Inc. now owns 2,144 shares of the company’s stock valued at $518,000 after acquiring an additional 89 shares in the last quarter. Finally, Numeric Investors LLC raised its holdings in shares of SPDR S&P 500 ETF Trust by 3.6% during the second quarter. Numeric Investors LLC now owns 2,900 shares of the company’s stock valued at $701,000 after acquiring an additional 100 shares in the last quarter.

Separately, S&P Equity Research assumed coverage on SPDR S&P 500 ETF Trust in a research report on Monday, December 11th. They issued a $3,000.00 target price for the company.

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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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