Short Interest in SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) Drops By 24.1%

SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 4,182,940 shares, a drop of 24.1% from the December 15th total of 5,510,071 shares. Based on an average daily volume of 4,235,201 shares, the days-to-cover ratio is currently 1.0 days. Approximately 4.5% of the company’s stock are sold short. Approximately 4.5% of the company’s stock are sold short. Based on an average daily volume of 4,235,201 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On SPDR Dow Jones Industrial Average ETF Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIA. Elevation Point Wealth Partners LLC acquired a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at $27,000. McIlrath & Eck LLC raised its stake in SPDR Dow Jones Industrial Average ETF Trust by 454.5% during the 2nd quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 50 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in SPDR Dow Jones Industrial Average ETF Trust in the second quarter valued at $28,000. Hollencrest Capital Management boosted its stake in SPDR Dow Jones Industrial Average ETF Trust by 1,000.0% in 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. Finally, Pineridge Advisors LLC purchased a new position in shares of SPDR Dow Jones Industrial Average ETF Trust during the second quarter worth about $32,000. 37.11% of the stock is owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Price Performance

Shares of SPDR Dow Jones Industrial Average ETF Trust stock traded down $1.06 during trading on Monday, hitting $493.42. 5,844,369 shares of the stock were exchanged, compared to its average volume of 6,511,771. The firm’s 50-day moving average price is $480.60 and its 200 day moving average price is $464.71. The stock has a market cap of $45.07 billion, a price-to-earnings ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a 12-month low of $366.32 and a 12-month high of $496.34.

SPDR Dow Jones Industrial Average ETF Trust Cuts Dividend

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

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.