SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sees Significant Increase in Short Interest

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,091,369 shares, an increase of 40.2% from the January 29th total of 778,614 shares. Based on an average daily trading volume, of 7,120,350 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,120,350 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of SPDR Portfolio S&P 500 Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley raised its stake in SPDR Portfolio S&P 500 Growth ETF by 95.9% during the fourth quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock worth $1,730,624,000 after acquiring an additional 7,939,766 shares in the last quarter. Allworth Financial LP boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 8.7% in the 4th quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock valued at $1,321,474,000 after purchasing an additional 990,106 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 7.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock valued at $1,147,764,000 after purchasing an additional 754,395 shares during the last quarter. Ameriprise Financial Inc. increased its position in SPDR Portfolio S&P 500 Growth ETF by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,914,602 shares of the company’s stock worth $1,036,342,000 after purchasing an additional 61,348 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in SPDR Portfolio S&P 500 Growth ETF by 4.7% during the 4th quarter. JPMorgan Chase & Co. now owns 5,768,335 shares of the company’s stock worth $615,481,000 after purchasing an additional 258,138 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Trading Down 1.0%

Shares of SPDR Portfolio S&P 500 Growth ETF stock opened at $102.72 on Wednesday. The company has a 50 day moving average of $106.06 and a 200-day moving average of $104.99. The company has a market cap of $43.81 billion, a PE ratio of 32.28 and a beta of 1.11. SPDR Portfolio S&P 500 Growth ETF has a 1-year low of $68.65 and a 1-year high of $109.63.

About SPDR Portfolio S&P 500 Growth ETF

SPDR S&P 500 Growth ETF (the Fund), formerly SPDR Dow Jones Large Cap Growth ETF, focuses to provide investment results, which correspond to the total return performance of an index tracks the performance of exchange traded the equity securities. The SPDR S&P 500 Growth ETF matches the returns and characteristics of the S&P 500 Growth Index (the Index). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.