SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Short Interest Update

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 569,073 shares, a drop of 41.3% from the August 15th total of 969,711 shares. Based on an average daily trading volume, of 1,046,940 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of SPDR Portfolio S&P 600 Small Cap ETF

Several large investors have recently added to or reduced their stakes in SPSM. Morningstar Investment Management LLC boosted its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 1.8% in the fourth quarter. Morningstar Investment Management LLC now owns 1,011,729 shares of the company’s stock worth $47,410,000 after buying an additional 17,572 shares during the last quarter. Amicus Financial Advisors LLC purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF during the fourth quarter valued at approximately $2,824,000. Financial Gravity Asset Management Inc. raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 5.6% in the fourth quarter. Financial Gravity Asset Management Inc. now owns 387,498 shares of the company’s stock worth $18,158,000 after acquiring an additional 20,582 shares during the period. Nottingham Advisors Inc. raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 28.4% in the first quarter. Nottingham Advisors Inc. now owns 121,497 shares of the company’s stock worth $5,871,000 after acquiring an additional 26,844 shares during the period. Finally, Northbridge Financial Group LLC bought a new position in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter worth approximately $754,000.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 0.4%

Shares of SPSM traded down $0.23 during mid-day trading on Wednesday, hitting $54.43. 1,268,792 shares of the company’s stock traded hands, compared to its average volume of 2,112,468. SPDR Portfolio S&P 600 Small Cap ETF has a 1 year low of $43.66 and a 1 year high of $58.60. The firm has a market capitalization of $15.79 billion, a P/E ratio of 17.02 and a beta of 1.01. The business’s 50-day moving average price is $56.77 and its 200-day moving average price is $53.89.

SPDR Portfolio S&P 600 Small Cap ETF Company Profile

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.