Short Interest in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Drops By 24.1%

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 4,182,940 shares, a drop of 24.1% from the December 15th total of 5,510,071 shares. Based on an average trading volume of 4,235,201 shares, the short-interest ratio is currently 1.0 days. Approximately 4.5% of the shares of the stock are sold short. Approximately 4.5% of the shares of the stock are sold short. Based on an average trading volume of 4,235,201 shares, the short-interest ratio is currently 1.0 days.

SPDR Dow Jones Industrial Average ETF Trust Trading Down 0.2%

Shares of DIA stock traded down $1.06 during trading hours on Friday, hitting $493.42. The company’s stock had a trading volume of 5,844,369 shares, compared to its average volume of 6,511,771. The stock has a market cap of $45.07 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91. The business has a fifty day moving average of $480.60 and a 200-day moving average of $464.57. SPDR Dow Jones Industrial Average ETF Trust has a twelve month low of $366.32 and a twelve month high of $496.34.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 16th will be given a $0.1786 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%.

Hedge Funds Weigh In On SPDR Dow Jones Industrial Average ETF Trust

Institutional investors have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at $27,000. McIlrath & Eck LLC boosted its stake in SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 50 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in SPDR Dow Jones Industrial Average ETF Trust during the second quarter valued at approximately $28,000. Hollencrest Capital Management lifted its stake in SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% during the second quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 60 shares in the last quarter. Finally, Pineridge Advisors LLC purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 37.11% of the company’s stock.

About SPDR Dow Jones Industrial Average ETF Trust

SPDR Dow Jones Industrial Average ETF Trust (the Trust) is a unit investment, which issues securities called trust units or units. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yields performance of the Dow Jones Industrial Average. The Dow Jones Industrial Average is an Index of 30 blue chip United States stocks.