SPDR S&P 500 ETF Trust (NYSE:SPY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 177,764,895 shares, a growth of 5.3% from the August 31st total of 168,762,068 shares. Based on an average trading volume of 71,155,780 shares, the days-to-cover ratio is presently 2.5 days.

Separately, Goldman Sachs Group, Inc. (The) increased their price objective on shares of SPDR S&P 500 ETF Trust from $123.00 to $129.00 in a research note on Wednesday, June 28th.

SPDR S&P 500 ETF Trust (NYSE SPY) opened at 254.66 on Friday. SPDR S&P 500 ETF Trust has a 1-year low of $208.38 and a 1-year high of $254.68. The firm’s 50-day moving average is $248.12 and its 200-day moving average is $242.79.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, September 18th will be given a dividend of $1.2346 per share. The ex-dividend date is Friday, September 15th. This represents a $4.94 dividend on an annualized basis and a yield of 1.94%. This is a positive change from SPDR S&P 500 ETF Trust’s previous quarterly dividend of $1.18.

A number of institutional investors and hedge funds have recently bought and sold shares of SPY. Osborne Partners Capital Management LLC boosted its stake in SPDR S&P 500 ETF Trust by 0.4% during the second quarter. Osborne Partners Capital Management LLC now owns 129,266 shares of the exchange traded fund’s stock worth $31,257,000 after buying an additional 577 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in SPDR S&P 500 ETF Trust by 6.4% during the second quarter. First Citizens Bank & Trust Co. now owns 78,963 shares of the exchange traded fund’s stock worth $19,093,000 after buying an additional 4,761 shares in the last quarter. Greenleaf Trust boosted its stake in SPDR S&P 500 ETF Trust by 3.3% during the second quarter. Greenleaf Trust now owns 11,174 shares of the exchange traded fund’s stock worth $2,702,000 after buying an additional 354 shares in the last quarter. Axel Capital Management LLC boosted its stake in SPDR S&P 500 ETF Trust by 18.7% during the second quarter. Axel Capital Management LLC now owns 551,270 shares of the exchange traded fund’s stock worth $133,297,000 after buying an additional 87,000 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. boosted its stake in SPDR S&P 500 ETF Trust by 2.1% during the second quarter. Appropriate Balance Financial Services Inc. now owns 22,812 shares of the exchange traded fund’s stock worth $94,343,000 after buying an additional 469 shares in the last quarter.

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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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