SPDR S&P 500 ETF Trust (SPY) Short Interest Down 8.5% in December

SPDR S&P 500 ETF Trust (NYSEARCA:SPY) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 170,285,901 shares, a drop of 8.5% from the November 30th total of 186,027,238 shares. Based on an average daily trading volume, of 98,414,790 shares, the short-interest ratio is currently 1.7 days.

Several hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in shares of SPDR S&P 500 ETF Trust by 29.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,778,717 shares of the company’s stock valued at $2,209,311,000 after purchasing an additional 1,988,866 shares during the last quarter. Shell Asset Management Co. acquired a new stake in shares of SPDR S&P 500 ETF Trust in the 3rd quarter valued at $1,228,215,000. Truepoint Inc. lifted its stake in shares of SPDR S&P 500 ETF Trust by 25,023.2% in the 3rd quarter. Truepoint Inc. now owns 5,453,754 shares of the company’s stock valued at $5,454,000 after purchasing an additional 5,432,046 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of SPDR S&P 500 ETF Trust by 64.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,288,365 shares of the company’s stock valued at $1,077,361,000 after purchasing an additional 1,676,732 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its stake in shares of SPDR S&P 500 ETF Trust by 4.0% in the 3rd quarter. First Republic Investment Management Inc. now owns 3,674,993 shares of the company’s stock valued at $923,269,000 after purchasing an additional 142,388 shares during the last quarter.

Shares of SPDR S&P 500 ETF Trust (NYSEARCA SPY) opened at $273.42 on Friday. The stock has a market cap of $285,210.00 and a price-to-earnings ratio of -187.27. SPDR S&P 500 ETF Trust has a 52 week low of $224.96 and a 52 week high of $273.56.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, December 18th will be paid a $1.3513 dividend. This represents a $5.41 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is 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 payout ratio is presently -328.77%.

Separately, S&P Equity Research began coverage on shares of SPDR S&P 500 ETF Trust in a research note on Monday, December 11th. They set a $3,000.00 target price for the company.

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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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