SPDR S&P 500 ETF Trust (SPY) Sees Large Increase in Short Interest
SPDR S&P 500 ETF Trust (NYSEARCA:SPY) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 186,283,215 shares, a growth of 3.3% from the October 15th total of 180,330,816 shares. Based on an average daily volume of 141,309,481 shares, the short-interest ratio is currently 1.3 days.
SPY stock opened at $277.76 on Friday. SPDR S&P 500 ETF Trust has a fifty-two week low of $252.92 and a fifty-two week high of $293.94.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Monday, September 24th were given a $1.3226 dividend. This represents a $5.29 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, September 21st. This is a boost from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.25.
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About SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.
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