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 significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 94,701 shares, a decrease of 46.2% from the November 30th total of 175,996 shares. Based on an average daily trading volume, of 946,498 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 946,498 shares, the short-interest ratio is currently 0.1 days.

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

Shares of SPTM remained flat at $83.57 during trading hours on Friday. The stock had a trading volume of 318,264 shares, compared to its average volume of 676,812. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 25.00 and a beta of 1.00. The company’s 50-day moving average is $82.04 and its 200 day moving average is $79.08. SPDR Portfolio S&P 1500 Composite Stock Market ETF has a 1 year low of $58.60 and a 1 year high of $83.71.

Institutional Investors Weigh In On SPDR Portfolio S&P 1500 Composite Stock Market ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 7.6% in the second quarter. JPMorgan Chase & Co. now owns 288,606 shares of the company’s stock valued at $21,614,000 after acquiring an additional 20,320 shares in the last quarter. Western Wealth Management LLC lifted its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 3.3% in the 2nd quarter. Western Wealth Management LLC now owns 126,033 shares of the company’s stock worth $9,439,000 after purchasing an additional 4,066 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 2nd quarter worth about $56,000. Hughes Financial Services LLC boosted its stake in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 8.7% during the 2nd quarter. Hughes Financial Services LLC now owns 1,610,303 shares of the company’s stock valued at $123,365,000 after purchasing an additional 128,549 shares in the last quarter. Finally, Isthmus Partners LLC increased its position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF by 4.4% during the second quarter. Isthmus Partners LLC now owns 82,977 shares of the company’s stock valued at $6,214,000 after buying an additional 3,469 shares during the period.

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.