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

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) saw a significant 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. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,178,900 shares, the short-interest ratio is presently 0.2 days.

SPDR Portfolio S&P 600 Small Cap ETF Stock Down 2.0%

Shares of SPSM opened at $41.47 on Monday. The business has a 50-day simple moving average of $40.04 and a two-hundred day simple moving average of $42.93. The stock has a market cap of $10.94 billion, a PE ratio of 16.31 and a beta of 1.08. SPDR Portfolio S&P 600 Small Cap ETF has a 12-month low of $34.79 and a 12-month high of $50.03.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fund Evaluation Group LLC lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 5,688.7% in the 4th quarter. Fund Evaluation Group LLC now owns 2,571,285 shares of the company’s stock worth $115,502,000 after purchasing an additional 2,526,866 shares during the period. Betterment LLC increased its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 4.5% during the 4th quarter. Betterment LLC now owns 16,163,720 shares of the company’s stock worth $726,074,000 after purchasing an additional 692,852 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at $28,698,000. Hughes Financial Services LLC bought a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter worth $27,460,000. Finally, Abound Financial LLC purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at about $23,934,000.

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.