Stratified LargeCap Index ETF (NYSEARCA:SSPY – Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 12,199 shares, an increase of 320.5% from the April 30th total of 2,901 shares. Based on an average daily volume of 3,388 shares, the short-interest ratio is presently 3.6 days. Currently, 0.9% of the shares of the company are sold short.
Hedge Funds Weigh In On Stratified LargeCap Index ETF
Several institutional investors and hedge funds have recently bought and sold shares of SSPY. HRT Financial LP bought a new position in Stratified LargeCap Index ETF during the fourth quarter valued at $200,000. Susquehanna International Group LLP grew its holdings in Stratified LargeCap Index ETF by 26.3% during the third quarter. Susquehanna International Group LLP now owns 21,488 shares of the company’s stock valued at $1,865,000 after purchasing an additional 4,479 shares during the period. Goldman Sachs Group Inc. grew its holdings in Stratified LargeCap Index ETF by 19.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 32,260 shares of the company’s stock valued at $2,803,000 after purchasing an additional 5,239 shares during the period. Finally, Farther Finance Advisors LLC bought a new position in Stratified LargeCap Index ETF during the fourth quarter valued at $5,832,000.
Stratified LargeCap Index ETF Trading Up 0.3%
Shares of NYSEARCA SSPY opened at $95.62 on Friday. The stock has a fifty day simple moving average of $91.66 and a two-hundred day simple moving average of $90.16. Stratified LargeCap Index ETF has a 1-year low of $79.50 and a 1-year high of $95.78. The firm has a market cap of $125.26 million, a price-to-earnings ratio of 19.15 and a beta of 0.87.
About Stratified LargeCap Index ETF
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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