SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Short Interest Update

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 569,073 shares, a decrease of 41.3% from the August 15th total of 969,711 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,046,940 shares, the days-to-cover ratio is presently 0.5 days.

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

Several institutional investors have recently bought and sold shares of the stock. Tortoise Investment Management LLC grew 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 valued at $13,579,000 after purchasing an additional 14,060 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in SPDR Portfolio S&P 600 Small Cap ETF by 0.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 72,026 shares of the company’s stock valued at $4,154,000 after buying an additional 418 shares during the period. Tidal Investments LLC purchased a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF in the second quarter valued at $1,469,000. Lunt Capital Management Inc. raised its position in SPDR Portfolio S&P 600 Small Cap ETF by 31.4% in the 2nd 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 during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of SPDR Portfolio S&P 600 Small Cap ETF by 3.8% in the second 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 period.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

Shares of NYSEARCA SPSM traded down $0.23 during midday trading on Wednesday, reaching $54.43. The stock had a trading volume of 1,268,792 shares, compared to its average volume of 2,112,468. SPDR Portfolio S&P 600 Small Cap ETF has a 12-month low of $43.66 and a 12-month high of $58.60. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 17.02 and a beta of 1.01. The stock has a 50-day moving average of $56.77 and a 200-day moving average of $53.89.

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.