SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Sees Large Drop in Short Interest

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 3,659,216 shares, a decrease of 12.5% from the December 31st total of 4,182,940 shares. Based on an average daily volume of 6,578,636 shares, the short-interest ratio is presently 0.6 days. Approximately 4.0% of the company’s shares are short sold. Approximately 4.0% of the company’s shares are short sold. Based on an average daily volume of 6,578,636 shares, the short-interest ratio is presently 0.6 days.

SPDR Dow Jones Industrial Average ETF Trust Trading Up 0.5%

NYSEARCA DIA opened at $494.75 on Thursday. The company’s fifty day simple moving average is $486.31 and its 200-day simple moving average is $468.85. The stock has a market cap of $44.05 billion, a P/E ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a 52 week low of $366.32 and a 52 week high of $496.52.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 16th will be paid a $0.1786 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, January 16th.

Hedge Funds Weigh In On SPDR Dow Jones Industrial Average ETF Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Focus Partners Wealth increased its position in SPDR Dow Jones Industrial Average ETF Trust by 1,118.2% in the 3rd quarter. Focus Partners Wealth now owns 574,858 shares of the exchange traded fund’s stock worth $266,593,000 after buying an additional 527,669 shares during the period. Two Sigma Investments LP raised its stake in shares of SPDR Dow Jones Industrial Average ETF Trust by 9,051.9% during the third quarter. Two Sigma Investments LP now owns 517,080 shares of the exchange traded fund’s stock worth $239,791,000 after buying an additional 511,430 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SPDR Dow Jones Industrial Average ETF Trust by 14.9% during the second quarter. JPMorgan Chase & Co. now owns 495,852 shares of the exchange traded fund’s stock worth $218,498,000 after buying an additional 64,314 shares during the last quarter. Capital Wealth Planning LLC boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 2,830.3% during the third quarter. Capital Wealth Planning LLC now owns 463,633 shares of the exchange traded fund’s stock worth $215,005,000 after purchasing an additional 447,811 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in SPDR Dow Jones Industrial Average ETF Trust by 0.5% in the third quarter. Raymond James Financial Inc. now owns 435,514 shares of the exchange traded fund’s stock valued at $201,965,000 after buying an additional 2,180 shares in the last quarter. Hedge funds and other institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Company Profile

SPDR Dow Jones Industrial Average ETF Trust (the Trust) is a unit investment, which issues securities called trust units or units. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yields performance of the Dow Jones Industrial Average. The Dow Jones Industrial Average is an Index of 30 blue chip United States stocks.