Short Interest in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Decreases By 87.1%

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,032,849 shares, a decline of 87.1% from the December 31st total of 8,014,829 shares. Based on an average daily volume of 4,135,957 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 4,135,957 shares, the days-to-cover ratio is currently 0.2 days.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of NYSEARCA SPYG traded up $0.13 during trading hours on Wednesday, hitting $108.79. 3,883,205 shares of the stock were exchanged, compared to its average volume of 4,458,568. SPDR Portfolio S&P 500 Growth ETF has a one year low of $68.65 and a one year high of $109.63. The company’s 50 day moving average is $106.85 and its 200 day moving average is $103.88. The firm has a market capitalization of $46.15 billion, a P/E ratio of 32.28 and a beta of 1.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at $25,000. United Financial Planning Group LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth approximately $25,000. Financial Life Planners acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at $26,000. Clayton Financial Group LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the third quarter worth approximately $26,000. Finally, CGC Financial Services LLC acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth $30,000.

SPDR Portfolio S&P 500 Growth ETF Company Profile

SPDR S&P 500 Growth ETF (the Fund), formerly SPDR Dow Jones Large Cap Growth ETF, focuses to provide investment results, which correspond to the total return performance of an index tracks the performance of exchange traded the equity securities. The SPDR S&P 500 Growth ETF matches the returns and characteristics of the S&P 500 Growth Index (the Index). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.