SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Sees Large Decrease in Short Interest

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 95,426 shares, a decrease of 63.1% from the December 31st total of 258,688 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 669,552 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 669,552 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BIP Wealth LLC grew its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 3.1% during the 3rd quarter. BIP Wealth LLC now owns 268,457 shares of the company’s stock worth $21,651,000 after buying an additional 8,090 shares during the period. First Horizon Corp acquired a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the third quarter valued at approximately $1,247,000. Western Wealth Management LLC increased its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 3.3% during the second quarter. Western Wealth Management LLC now owns 126,033 shares of the company’s stock worth $9,439,000 after acquiring an additional 4,066 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 7.6% during the second quarter. JPMorgan Chase & Co. now owns 288,606 shares of the company’s stock worth $21,614,000 after acquiring an additional 20,320 shares during the period. Finally, Financial Management Professionals Inc. bought a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 3rd quarter valued at $9,158,000.

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

Shares of SPTM stock opened at $84.40 on Wednesday. The stock’s fifty day moving average is $82.84 and its 200-day moving average is $80.54. SPDR Portfolio S&P 1500 Composite Stock Market ETF has a 52 week low of $58.60 and a 52 week high of $84.48. The stock has a market capitalization of $12.15 billion, a PE 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.