Short Interest in Stratified LargeCap Index ETF (NYSEARCA:SSPY) Increases By 320.5%

Stratified LargeCap Index ETF (NYSEARCA:SSPY) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 12,199 shares, a growth of 320.5% from the April 30th total of 2,901 shares. Based on an average daily volume of 3,388 shares, the days-to-cover ratio is presently 3.6 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Trading of Stratified LargeCap Index ETF

A number of large investors have recently bought and sold shares of the business. HRT Financial LP acquired a new position in Stratified LargeCap Index ETF in the 4th quarter worth $200,000. Susquehanna International Group LLP boosted its stake in Stratified LargeCap Index ETF by 26.3% in the 3rd quarter. Susquehanna International Group LLP now owns 21,488 shares of the company’s stock worth $1,865,000 after purchasing an additional 4,479 shares during the period. Goldman Sachs Group Inc. boosted its stake in Stratified LargeCap Index ETF by 19.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 32,260 shares of the company’s stock worth $2,803,000 after purchasing an additional 5,239 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in Stratified LargeCap Index ETF during the 4th quarter worth approximately $5,832,000.

Stratified LargeCap Index ETF Stock Performance

NYSEARCA SSPY traded up $0.01 during trading hours on Friday, reaching $95.63. 141 shares of the company’s stock were exchanged, compared to its average volume of 1,857. The company’s 50-day moving average is $91.80 and its two-hundred day moving average is $90.20. Stratified LargeCap Index ETF has a one year low of $79.50 and a one year high of $95.78. The company has a market capitalization of $125.28 million, a price-to-earnings ratio of 19.15 and a beta of 0.87.

Stratified LargeCap Index ETF Company Profile

The Syntax Stratified LargeCap ETF (SSPY) is an exchange-traded fund that is based on the Syntax Stratified LargeCap index. The fund tracks an index that holds all constituents of the S&P 500 Index, reweighted to diversify related business risk. SSPY was launched on Jan 4, 2019 and is managed by Syntax.