Short Interest in SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) Increases By 76.3%

SPDR Portfolio S&P 600 Small Cap ETF (NYSEARCA:SPSM) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 817,700 shares, a growth of 76.3% from the August 15th total of 463,800 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,720,100 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 1,720,100 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Copia Wealth Management acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 4th quarter worth about $27,000. Compass Financial Services Inc raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 225.9% during the 2nd quarter. Compass Financial Services Inc now owns 756 shares of the company’s stock worth $32,000 after acquiring an additional 524 shares in the last quarter. Topsail Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 2nd quarter worth about $34,000. Chapman Financial Group LLC acquired a new stake in shares of SPDR Portfolio S&P 600 Small Cap ETF during the 2nd quarter worth about $38,000. Finally, Centennial Bank AR raised its position in shares of SPDR Portfolio S&P 600 Small Cap ETF by 158.1% during the 1st quarter. Centennial Bank AR now owns 973 shares of the company’s stock worth $40,000 after acquiring an additional 596 shares in the last quarter.

SPDR Portfolio S&P 600 Small Cap ETF Stock Performance

Shares of SPSM opened at $46.21 on Monday. The stock has a 50-day simple moving average of $44.57 and a 200-day simple moving average of $42.04. The stock has a market capitalization of $12.47 billion, a PE ratio of 17.02 and a beta of 1.14. SPDR Portfolio S&P 600 Small Cap ETF has a 1 year low of $34.79 and a 1 year high of $50.03.

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.