SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Shares Shorted: Short Interest Up 56.4% in September

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 890,122 shares, an increase of 56.4% from the August 31st total of 569,073 shares. Based on an average daily volume of 2,462,465 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

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

A number of institutional investors and hedge funds have recently bought and sold shares of SPSM. LPL Financial LLC lifted its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 5.3% in the fourth quarter. LPL Financial LLC now owns 26,990,277 shares of the company’s stock valued at $1,264,764,000 after acquiring an additional 1,362,095 shares during the last quarter. TSG Advice Partners LLC raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 4,230.2% in the first quarter. TSG Advice Partners LLC now owns 599,773 shares of the company’s stock valued at $28,981,000 after purchasing an additional 585,922 shares during the period. BNP Paribas Financial Markets purchased a new stake in SPDR Portfolio S&P 600 Small Cap ETF in the fourth quarter valued at $18,800,000. Kensington Asset Management LLC acquired a new position in shares of SPDR Portfolio S&P 600 Small Cap ETF in the 4th quarter valued at $11,639,000. Finally, Evernest Financial Advisors LLC lifted its stake in shares of SPDR Portfolio S&P 600 Small Cap ETF by 146.3% in the 4th quarter. Evernest Financial Advisors LLC now owns 399,782 shares of the company’s stock valued at $20,569,000 after purchasing an additional 237,452 shares during the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Price Performance

SPDR Portfolio S&P 600 Small Cap ETF stock traded up $0.65 during midday trading on Friday, reaching $53.89. The company had a trading volume of 1,809,057 shares, compared to its average volume of 2,087,172. The company has a market capitalization of $15.97 billion, a P/E ratio of 17.02 and a beta of 1.03. The firm’s fifty day simple moving average is $56.09 and its 200-day simple moving average is $54.26. SPDR Portfolio S&P 600 Small Cap ETF has a 12-month low of $43.66 and a 12-month high of $58.60.

About SPDR Portfolio S&P 600 Small Cap ETF

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.