Stratified LargeCap Index ETF (NYSEARCA:SSPY) Sees Large Growth in Short Interest

Stratified LargeCap Index ETF (NYSEARCA:SSPY – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 13,666 shares, a growth of 48.4% from the August 31st total of 9,211 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 1,146 shares, the days-to-cover ratio is currently 11.9 days.

Stratified LargeCap Index ETF Price Performance

Shares of NYSEARCA SSPY traded up $0.33 during mid-day trading on Thursday, hitting $96.44. The company had a trading volume of 557 shares, compared to its average volume of 1,583. Stratified LargeCap Index ETF has a 12 month low of $83.66 and a 12 month high of $101.70. The stock has a market cap of $126.34 million, a price-to-earnings ratio of 19.15 and a beta of 0.87. The firm’s 50 day simple moving average is $99.33 and its two-hundred day simple moving average is $95.69.

Stratified LargeCap Index ETF Company Profile

(Get Free Report)

The Syntax Stratified LargeCap ETF (SSPY) is an exchange-traded fund that is based on the Syntax Stratified LargeCap index. The fund tracks an index that holds all constituents of the S&P 500 Index, reweighted to diversify related business risk. SSPY was launched on Jan 4, 2019 and is managed by Syntax.

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