SPDR S&P 500 ETF Trust (NYSE:SPY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 214,193,167 shares, a decline of 6.0% from the February 28th total of 227,810,515 shares. Based on an average daily volume of 80,539,767 shares, the days-to-cover ratio is presently 2.7 days.
Shares of SPDR S&P 500 ETF Trust (NYSE:SPY) opened at 235.74 on Friday. The stock has a 50 day moving average of $236.08 and a 200 day moving average of $224.30. SPDR S&P 500 ETF Trust has a 12-month low of $198.65 and a 12-month high of $240.32.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Tuesday, March 21st will be issued a $1.0331 dividend. This represents a $4.13 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, March 17th.
Separately, Credit Suisse Group AG restated an “overweight” rating on shares of SPDR S&P 500 ETF Trust in a report on Tuesday, March 21st.
SPDR S&P 500 ETF Trust Company Profile
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.