Stratified LargeCap Index ETF (NYSEARCA:SSPY) Sees Significant Growth in Short Interest

Stratified LargeCap Index ETF (NYSEARCA:SSPY) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 13,666 shares, an increase of 48.4% from the August 31st total of 9,211 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,146 shares, the short-interest ratio is currently 11.9 days.

Stratified LargeCap Index ETF Trading Up 0.3%

Shares of NYSEARCA:SSPY traded up $0.30 on Friday, hitting $96.74. 351 shares of the company were exchanged, compared to its average volume of 1,576. The firm has a market capitalization of $126.73 million, a P/E ratio of 19.15 and a beta of 0.87. Stratified LargeCap Index ETF has a 1-year low of $83.66 and a 1-year high of $101.70. The stock’s 50 day moving average price is $99.33 and its 200 day moving average price is $95.74.

Stratified LargeCap Index ETF Company Profile

The Syntax Stratified LargeCap ETF (SSPY) is an exchange-traded fund that is based on the Syntax Stratified LargeCap index. The fund tracks an index that holds all constituents of the S&P 500 Index, reweighted to diversify related business risk. SSPY was launched on Jan 4, 2019 and is managed by Syntax.