SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Significant Increase in Short Interest

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSMGet Free Report) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 447,100 shares, a growth of 51.3% from the May 15th total of 295,500 shares. Based on an average trading volume of 2,178,900 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On SPDR Portfolio S&P 600 Small Cap ETF

Several hedge funds have recently made changes to their positions in the business. Copia Wealth Management acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at approximately $27,000. Centennial Bank AR boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 158.1% in the 1st quarter. Centennial Bank AR now owns 973 shares of the company’s stock valued at $40,000 after buying an additional 596 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 14,066.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,275 shares of the company’s stock valued at $52,000 after buying an additional 1,266 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 2,931.1% in the 1st quarter. Parallel Advisors LLC now owns 1,364 shares of the company’s stock valued at $56,000 after buying an additional 1,319 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at approximately $66,000.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 1.1%

Shares of SPSM opened at $41.44 on Wednesday. The stock has a market capitalization of $10.93 billion, a P/E ratio of 16.31 and a beta of 1.08. SPDR Portfolio S&P 600 Small Cap ETF has a twelve month low of $34.79 and a twelve month high of $50.03. The company has a 50 day moving average of $40.23 and a 200-day moving average of $42.87.

About SPDR Portfolio S&P 600 Small Cap ETF

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The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that is based on the S&P Small Cap 600 index, a market-cap-weighted index of US small-cap stocks selected by the S&P Committee. SPSM was launched on Jul 8, 2013 and is managed by State Street.

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