Short Interest in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Increases By 52.1%

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,177,379 shares, a growth of 52.1% from the July 15th total of 773,885 shares. Based on an average daily volume of 2,656,709 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of SPYG opened at $120.65 on Thursday. The stock has a fifty day moving average price of $118.54 and a two-hundred day moving average price of $111.95. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $93.61 and a 52-week high of $124.04. The company has a market cap of $53.41 billion, a price-to-earnings ratio of 32.28 and a beta of 1.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPYG. Morgan Stanley grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 95.9% during the 4th quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock worth $1,730,624,000 after acquiring an additional 7,939,766 shares during the last quarter. Allworth Financial LP raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 8.7% in the fourth quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock worth $1,321,474,000 after acquiring an additional 990,106 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 4.7% during the fourth quarter. JPMorgan Chase & Co. now owns 5,768,335 shares of the company’s stock worth $615,481,000 after purchasing an additional 258,138 shares in the last quarter. Horizon Investments LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 1.0% during the fourth quarter. Horizon Investments LLC now owns 5,389,258 shares of the company’s stock worth $575,034,000 after purchasing an additional 52,598 shares in the last quarter. Finally, Valmark Advisers Inc. grew its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 4.8% during the first quarter. Valmark Advisers Inc. now owns 4,884,338 shares of the company’s stock valued at $478,226,000 after purchasing an additional 223,140 shares during the last quarter.

About SPDR Portfolio S&P 500 Growth ETF

SPDR S&P 500 Growth ETF (the Fund), formerly SPDR Dow Jones Large Cap Growth ETF, focuses to provide investment results, which correspond to the total return performance of an index tracks the performance of exchange traded the equity securities. The SPDR S&P 500 Growth ETF matches the returns and characteristics of the S&P 500 Growth Index (the Index). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.