SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Short Interest Up 185.8% in May

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 591,902 shares, an increase of 185.8% from the April 30th total of 207,083 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 481,550 shares, the short-interest ratio is currently 1.2 days.

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

NYSEARCA:SPTM traded up $0.23 on Friday, hitting $91.63. The stock had a trading volume of 382,884 shares, compared to its average volume of 940,874. The stock has a market cap of $13.69 billion, a P/E ratio of 25.00 and a beta of 1.00. SPDR Portfolio S&P 1500 Composite Stock Market ETF has a 1 year low of $70.79 and a 1 year high of $91.83. The firm’s fifty day simple moving average is $85.33 and its two-hundred day simple moving average is $83.69.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPTM. GGM Financials LLC purchased a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 3rd quarter valued at about $26,000. Ascentis Independent Advisors purchased a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 1st quarter valued at about $28,000. Crews Bank & Trust increased its stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 478.9% in the 4th quarter. Crews Bank & Trust now owns 712 shares of the company’s stock valued at $59,000 after buying an additional 589 shares during the last quarter. Archer Investment Corp purchased a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 1st quarter valued at about $67,000. Finally, TD Private Client Wealth LLC purchased a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 4th quarter valued at about $72,000.

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.