SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Short Interest Down 12.5% in January

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,659,216 shares, a drop of 12.5% from the December 31st total of 4,182,940 shares. Based on an average trading volume of 6,578,636 shares, the short-interest ratio is presently 0.6 days. Currently, 4.0% of the shares of the company are short sold. Currently, 4.0% of the shares of the company are short sold. Based on an average trading volume of 6,578,636 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of SPDR Dow Jones Industrial Average ETF Trust

Institutional investors have recently made changes to their positions in the business. Elevation Point Wealth Partners LLC purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust during the 2nd quarter valued at approximately $27,000. McIlrath & Eck LLC boosted its position in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 50 shares during the last quarter. Hollencrest Capital Management grew its stake in SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% during the second quarter. Hollencrest Capital Management now owns 66 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 60 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in SPDR Dow Jones Industrial Average ETF Trust during the third quarter valued at $32,000. Finally, Investment Research & Advisory Group Inc. bought a new stake in SPDR Dow Jones Industrial Average ETF Trust in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 37.11% of the company’s stock.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of NYSEARCA DIA opened at $492.31 on Wednesday. The firm has a fifty day moving average price of $485.90 and a 200-day moving average price of $468.66. The stock has a market cap of $43.96 billion, a PE ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a 1 year low of $366.32 and a 1 year high of $496.52.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 16th will be issued a dividend of $0.1786 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 0.4%.

About SPDR Dow Jones Industrial Average ETF Trust

SPDR Dow Jones Industrial Average ETF Trust (the Trust) is a unit investment, which issues securities called trust units or units. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yields performance of the Dow Jones Industrial Average. The Dow Jones Industrial Average is an Index of 30 blue chip United States stocks.