SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Sees Large Decline in Short Interest

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 569,073 shares, a decline of 41.3% from the August 15th total of 969,711 shares. Based on an average daily volume of 1,046,940 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

NYSEARCA:SPSM traded up $0.02 during mid-day trading on Thursday, hitting $54.45. The company had a trading volume of 1,456,482 shares, compared to its average volume of 2,108,792. SPDR Portfolio S&P 600 Small Cap ETF has a fifty-two week low of $43.66 and a fifty-two week high of $58.60. The firm has a market cap of $15.80 billion, a P/E ratio of 17.02 and a beta of 1.01. The business’s fifty day moving average is $56.74 and its two-hundred day moving average is $53.92.

Hedge Funds Weigh In On SPDR Portfolio S&P 600 Small Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Tortoise Investment Management LLC raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 6.4% during the second quarter. Tortoise Investment Management LLC now owns 235,466 shares of the company’s stock worth $13,579,000 after purchasing an additional 14,060 shares during the period. Sequoia Financial Advisors LLC boosted its stake in SPDR Portfolio S&P 600 Small Cap ETF by 0.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 72,026 shares of the company’s stock worth $4,154,000 after purchasing an additional 418 shares during the period. Tidal Investments LLC acquired a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the 2nd quarter valued at approximately $1,469,000. Lunt Capital Management Inc. lifted its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 31.4% in the second quarter. Lunt Capital Management Inc. now owns 39,361 shares of the company’s stock worth $2,270,000 after purchasing an additional 9,401 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 417,275 shares of the company’s stock worth $24,064,000 after buying an additional 15,284 shares during the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Company Profile

The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an exchange-traded fund that is based on the S&P Small Cap 600 index, a market-cap-weighted index of US small-cap stocks selected by the S&P Committee. SPSM was launched on Jul 8, 2013 and is managed by State Street.