Short Interest in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Declines By 12.5%

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,659,216 shares, a decrease of 12.5% from the December 31st total of 4,182,940 shares. Approximately 4.0% of the shares of the company are sold short. Based on an average daily volume of 6,578,636 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 6,578,636 shares, the short-interest ratio is presently 0.6 days. Approximately 4.0% of the shares of the company are sold short.

Institutional Trading of SPDR Dow Jones Industrial Average ETF Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at approximately $27,000. McIlrath & Eck LLC grew its position in SPDR Dow Jones Industrial Average ETF Trust by 454.5% in the 2nd quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Hollencrest Capital Management grew its position in SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% in the 2nd quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 60 shares during the last quarter. Pineridge Advisors LLC acquired a new position in SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at $32,000. Finally, Cornerstone Planning Group LLC acquired a new position in SPDR Dow Jones Industrial Average ETF Trust in the 3rd quarter valued at $32,000. 37.11% of the stock is owned by hedge funds and other institutional investors.

SPDR Dow Jones Industrial Average ETF Trust Stock Performance

Shares of SPDR Dow Jones Industrial Average ETF Trust stock opened at $494.03 on Tuesday. The company has a market capitalization of $44.11 billion, a P/E ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a 1 year low of $366.32 and a 1 year high of $496.34. The company’s fifty day moving average is $485.48 and its two-hundred day moving average is $468.32.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 16th will be issued a dividend of $0.1786 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%.

About SPDR Dow Jones Industrial Average ETF Trust

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.