SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Short Interest Up 19.8% in March

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 4,132,566 shares, a growth of 19.8% from the March 15th total of 3,449,751 shares. Based on an average daily trading volume, of 8,334,345 shares, the days-to-cover ratio is presently 0.5 days. Currently, 4.6% of the company’s shares are sold short.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 1.8%

Shares of NYSEARCA:DIA opened at $494.22 on Friday. The stock’s 50-day moving average price is $478.98 and its 200-day moving average price is $478.61. The stock has a market capitalization of $44.30 billion, a P/E ratio of 22.20 and a beta of 0.88. SPDR Dow Jones Industrial Average ETF Trust has a 12-month low of $378.35 and a 12-month high of $505.30.

Institutional Trading of SPDR Dow Jones Industrial Average ETF Trust

A number of institutional investors have recently modified their holdings of DIA. McIlrath & Eck LLC boosted its holdings in shares of 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 worth $27,000 after purchasing an additional 50 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth about $30,000. Cornerstone Planning Group LLC purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the third quarter worth about $32,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth about $34,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust during the fourth quarter worth about $34,000. 37.11% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Company Profile

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.