SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) Short Interest Down 38.8% in August

SPDR Portfolio S&P 1500 Composite Stock Market ETF (NYSEARCA:SPTM) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 178,676 shares, a drop of 38.8% from the August 15th total of 291,777 shares. Based on an average daily volume of 539,516 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Blue Edge Capital LLC bought a new position in shares of SPDR Portfolio S&P 1500 Composite Stock Market ETF during the second quarter valued at $1,514,000. Koss Olinger Consulting LLC bought a new position in SPDR Portfolio S&P 1500 Composite Stock Market ETF in the 1st quarter worth about $1,377,000. Weitzel Financial Services Inc. boosted its stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 1.1% in the 1st quarter. Weitzel Financial Services Inc. now owns 678,821 shares of the ETF’s stock worth $54,000,000 after purchasing an additional 7,707 shares in the last quarter. Amicus Financial Advisors LLC purchased a new stake in SPDR Portfolio S&P 1500 Composite Stock Market ETF during the 4th quarter valued at about $791,000. Finally, Wealthquest Corp grew its position in SPDR Portfolio S&P 1500 Composite Stock Market ETF by 2.3% during the 1st quarter. Wealthquest Corp now owns 861,002 shares of the ETF’s stock valued at $68,071,000 after purchasing an additional 19,637 shares during the last quarter.

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

Shares of SPTM traded up $0.98 during mid-day trading on Thursday, reaching $92.30. The company had a trading volume of 399,604 shares, compared to its average volume of 746,813. The firm has a 50-day moving average price of $92.21 and a 200 day moving average price of $88.47. SPDR Portfolio S&P 1500 Composite Stock Market ETF has a 52 week low of $76.54 and a 52 week high of $94.61. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 25.00 and a beta of 1.00.

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.