Stratified LargeCap Index ETF (NYSEARCA:SSPY) Short Interest Up 320.5% in May

Stratified LargeCap Index ETF (NYSEARCA:SSPY) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 12,199 shares, an increase of 320.5% from the April 30th total of 2,901 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 3,388 shares, the days-to-cover ratio is currently 3.6 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. HRT Financial LP acquired a new position in shares of Stratified LargeCap Index ETF in the 4th quarter valued at $200,000. Goldman Sachs Group Inc. raised its stake in Stratified LargeCap Index ETF by 19.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 32,260 shares of the company’s stock worth $2,803,000 after buying an additional 5,239 shares during the period. Farther Finance Advisors LLC acquired a new stake in Stratified LargeCap Index ETF during the 4th quarter worth $5,832,000. Finally, Susquehanna International Group LLP raised its stake in Stratified LargeCap Index ETF by 26.3% during the 3rd quarter. Susquehanna International Group LLP now owns 21,488 shares of the company’s stock worth $1,865,000 after buying an additional 4,479 shares during the period.

Stratified LargeCap Index ETF Stock Up 0.0%

SSPY stock opened at $95.63 on Friday. The business’s fifty day moving average is $91.80 and its 200-day moving average is $90.20. The company has a market cap of $125.28 million, a P/E ratio of 19.15 and a beta of 0.87. Stratified LargeCap Index ETF has a twelve month low of $79.50 and a twelve month high of $95.78.

About Stratified LargeCap Index ETF

The Syntax Stratified LargeCap ETF (SSPY) is an exchange-traded fund that is based on the Syntax Stratified LargeCap index. The fund tracks an index that holds all constituents of the S&P 500 Index, reweighted to diversify related business risk. SSPY was launched on Jan 4, 2019 and is managed by Syntax.