SPDR S&P 500 ETF Trust (SPY) Short Interest Update
SPDR S&P 500 ETF Trust (NYSE:SPY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 245,703,437 shares, a growth of 2.2% from the August 15th total of 240,506,127 shares. Based on an average trading volume of 70,741,199 shares, the days-to-cover ratio is currently 3.5 days.
SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 213.37 on Friday. SPDR S&P 500 ETF Trust has a 1-year low of $181.02 and a 1-year high of $219.60. The company’s 50 day moving average is $217.29 and its 200-day moving average is $210.07.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Tuesday, September 20th will be given a dividend of $1.0821 per share. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.08. This represents a $4.33 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, September 16th.
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Separately, Goldman Sachs Group Inc. lowered shares of SPDR S&P 500 ETF Trust to an “underweight” rating in a research note on Monday, August 1st.
SPDR S&P 500 ETF Trust Company Profile
SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.
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