The stock of Spdr Standard and Poors 500 Etf (NYSEARCA:SPY) registered an increase of 2.16% in short interest. SPY’s total short interest was 245.70M shares in September as published by FINRA. Its up 2.16% from 240.51 million shares, reported previously. With 70.74 million shares average volume, it will take short sellers 4 days to cover their SPY’s short positions. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has risen 16.68% since February 8, 2016 and is uptrending. It has outperformed by 0.19% the S&P500.
SPDR S&P 500 ETF Trust is a unit investment trust. The ETF has a market cap of $200.24 billion. 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). It currently has negative earnings. 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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