SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Short Interest Up 49.3% in March

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 1,115,654 shares, an increase of 49.3% from the March 15th total of 747,424 shares. Based on an average trading volume of 5,546,221 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

SPDR Portfolio S&P 500 Growth ETF Price Performance

NYSEARCA:SPYG traded up $2.20 during midday trading on Tuesday, hitting $107.95. The company’s stock had a trading volume of 4,027,622 shares, compared to its average volume of 5,970,752. The firm has a market cap of $46.57 billion, a P/E ratio of 32.28 and a beta of 1.15. The firm’s 50 day moving average is $102.36 and its 200-day moving average is $104.93. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $73.51 and a fifty-two week high of $109.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 6.9% in the 4th quarter. Brighton Jones LLC now owns 3,152 shares of the company’s stock valued at $277,000 after purchasing an additional 204 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 91.0% in the 1st quarter. AQR Capital Management LLC now owns 60,022 shares of the company’s stock worth $4,824,000 after acquiring an additional 28,598 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 138.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 545 shares of the company’s stock worth $52,000 after acquiring an additional 316 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the 2nd quarter worth $732,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 2nd quarter worth about $357,000.

SPDR Portfolio S&P 500 Growth ETF Company Profile

SPDR S&P 500 Growth ETF (the Fund), formerly SPDR Dow Jones Large Cap Growth ETF, focuses to provide investment results, which correspond to the total return performance of an index tracks the performance of exchange traded the equity securities. The SPDR S&P 500 Growth ETF matches the returns and characteristics of the S&P 500 Growth Index (the Index). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.