SPDR S&P 500 ETF Trust (SPY) Short Interest Update

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 152,238,355 shares, an increase 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 currently 1.4 days.

Institutional investors and hedge funds have recently modified their holdings of the company. Shell Asset Management Co. purchased a new position in SPDR S&P 500 ETF Trust in the 3rd quarter worth $1,228,215,000. Truepoint Inc. grew its position in SPDR S&P 500 ETF Trust by 25,023.2% during the 3rd 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 period. ING Groep NV grew its position in SPDR S&P 500 ETF Trust by 719.4% during the 4th 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 period. British Airways Pensions Investment Management Ltd acquired a new stake in SPDR S&P 500 ETF Trust during the 4th quarter worth about $645,764,000. Finally, Stifel Financial Corp grew its position in SPDR S&P 500 ETF Trust by 39,815.8% during the 3rd quarter. Stifel Financial Corp now owns 2,353,835 shares of the company’s stock worth $591,527,000 after purchasing an additional 2,347,938 shares during the period.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) traded up $3.59 on Wednesday, hitting $269.59. The stock had a trading volume of 118,721,275 shares, compared to its average volume of 127,146,922. SPDR S&P 500 ETF Trust has a 12-month low of $231.61 and a 12-month high of $286.63. The stock has a market cap of $275,380.00 and a price-to-earnings ratio of -184.45.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Monday, December 18th were issued a dividend of $1.3513 per share. This represents a $5.41 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, December 15th. 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 is currently -328.77%.

Separately, S&P Equity Research initiated coverage on SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They issued a $3,000.00 price objective on the stock.

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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.

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