Short Interest in SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Declines By 38.8%

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 178,676 shares, a decline of 38.8% from the August 15th total of 291,777 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 539,516 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SPTM. DMC Group LLC bought a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the second quarter valued at approximately $238,000. Highland Investment Advisors LLC bought a new stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF during the 2nd quarter worth $188,000. Weitzel Financial Services Inc. grew its stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 0.8% in the 2nd quarter. Weitzel Financial Services Inc. now owns 684,063 shares of the ETF’s stock valued at $61,750,000 after buying an additional 5,242 shares during the last quarter. Blue Edge Capital LLC acquired a new position in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 2nd quarter valued at $1,514,000. Finally, Dagco Inc. raised its holdings in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 4.2% in the 2nd quarter. Dagco Inc. now owns 51,634 shares of the ETF’s stock worth $4,688,000 after acquiring an additional 2,085 shares during the period.

SPDR Portfolio S&P 1500 Composite Stock Market ETF Stock Performance

Shares of SPTM stock traded up $0.28 during trading on Wednesday, hitting $92.00. 143,481 shares of the company were exchanged, compared to its average volume of 746,407. The business’s 50-day simple moving average is $92.17 and its 200 day simple moving average is $88.36. SPDR Portfolio S&P 1500 Composite Stock Market ETF has a twelve month low of $76.54 and a twelve month high of $94.61. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 25.00 and a beta of 1.00.

About SPDR Portfolio S&P 1500 Composite Stock Market ETF

The SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is an exchange-traded fund that is based on the S&P Composite 1500 index, a market-cap-weighted index selected by the S&P Committee that covers the entire US market cap spectrum. SPTM was launched on Oct 4, 2000 and is managed by State Street.