SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Sees Significant Decline in Short Interest

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 339,400 shares, a decline of 34.3% from the September 30th total of 516,400 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 513,200 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 513,200 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On SPDR Portfolio S&P 1500 Composite Stock Market ETF

A number of large investors have recently made changes to their positions in the stock. Moloney Securities Asset Management LLC boosted its holdings in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 166.4% in the first quarter. Moloney Securities Asset Management LLC now owns 212,412 shares of the company’s stock valued at $14,446,000 after purchasing an additional 132,683 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the second quarter worth about $56,000. EverSource Wealth Advisors LLC raised its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 1,548.3% in the first quarter. EverSource Wealth Advisors LLC now owns 11,027 shares of the company’s stock worth $750,000 after acquiring an additional 10,358 shares during the period. Emprise Bank acquired a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the second quarter worth about $1,267,000. Finally, FSA Advisors Inc. acquired a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the second quarter worth about $209,000.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Stock Down 1.1%

Shares of SPTM traded down $0.89 during trading hours on Tuesday, reaching $81.66. 275,134 shares of the company traded hands, compared to its average volume of 669,584. The stock has a market capitalization of $11.63 billion, a P/E ratio of 25.00 and a beta of 1.00. SPDR Portfolio S&P 1500 Composite Stock Market ETF has a 12-month low of $58.60 and a 12-month high of $83.32. The business has a fifty day moving average price of $80.30 and a 200-day moving average price of $75.70.

About SPDR Portfolio S&P 1500 Composite Stock Market ETF

The SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is an exchange-traded fund that is based on the S&P Composite 1500 index, a market-cap-weighted index selected by the S&P Committee that covers the entire US market cap spectrum. SPTM was launched on Oct 4, 2000 and is managed by State Street.