The short interest in the SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) experienced a significant decline in February 2023. As of February 13, the short interest totaled 220,108 shares, marking a decrease of 13.5% from the January 29254,602 shares. With an average trading volume of 795,753 shares, the days-to-cover ratio stands at 0.3 days, indicating that only 0.2% of the ETF’s stock is currently sold short.
During mid-day trading on Wednesday, SPDR Portfolio S&P 1500 ETF saw an increase of 0.7%, trading at $83.37. The total volume for the day reached 691,827 shares, which is below its average volume of 913,582 shares. Over the past year, the ETF has fluctuated between a low of $58.60 and a high of $84.81. The ETF currently has a market capitalization of $11.98 billion, a price-to-earnings ratio of 25.00, and a beta of 1.00.
Institutional Investment Activity
Various hedge funds have been adjusting their positions in the SPDR Portfolio S&P 1500 ETF. Notably, Sankala Group LLC acquired a new stake valued at approximately $157,000 during the fourth quarter. Similarly, Amicus Financial Advisors LLC invested about $791,000 in new shares during the same period.
Another significant transaction came from Tudor Investment Corp ET AL, which increased its holdings by 2,084.9%, now owning 61,483 shares worth $5,072,000 after acquiring an additional 58,669 shares. IHT Wealth Management LLC also grew its position slightly by 0.5%, now holding 67,773 shares valued at $5,591,000.
About the SPDR Portfolio S&P 1500 ETF
The SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is an exchange-traded fund that tracks the S&P Composite 1500 index. This index is a market-cap-weighted benchmark that encompasses the entire spectrum of the US market capitalization. The ETF was launched on October 4, 2000, and is managed by State Street.
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