Stratified LargeCap Index ETF (NYSEARCA:SSPY) Sees Large Growth in Short Interest

by · The Markets Daily

Stratified LargeCap Index ETF (NYSEARCA:SSPY – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 13,666 shares, an increase of 48.4% from the August 31st total of 9,211 shares. Based on an average daily volume of 1,146 shares, the days-to-cover ratio is currently 11.9 days. Currently, 1.0% of the shares of the stock are sold short.

Stratified LargeCap Index ETF Price Performance

Shares of SSPY traded up $0.33 during midday trading on Thursday, reaching $96.44. The stock had a trading volume of 557 shares, compared to its average volume of 1,583. Stratified LargeCap Index ETF has a 52 week low of $83.66 and a 52 week high of $101.70. The firm’s 50 day moving average price is $99.33 and its 200-day moving average price is $95.69. The company has a market capitalization of $126.34 million, a P/E ratio of 19.15 and a beta of 0.87.

Stratified LargeCap Index ETF Company Profile

(Get Free Report)

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.

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