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 significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 4,182,940 shares, a decline of 24.1% from the December 15th total of 5,510,071 shares. Based on an average daily trading volume, of 4,235,201 shares, the days-to-cover ratio is currently 1.0 days. Currently, 4.5% of the shares of the company are sold short. Currently, 4.5% of the shares of the company are sold short. Based on an average daily trading volume, of 4,235,201 shares, the days-to-cover ratio is currently 1.0 days.

SPDR Dow Jones Industrial Average ETF Trust Stock Down 0.2%

NYSEARCA DIA traded down $1.06 during trading on Friday, hitting $493.42. The company’s stock had a trading volume of 5,844,369 shares, compared to its average volume of 6,511,771. The firm has a market cap of $45.07 billion, a P/E ratio of 22.20 and a beta of 0.91. SPDR Dow Jones Industrial Average ETF Trust has a 52 week low of $366.32 and a 52 week high of $496.34. The firm has a 50 day moving average price of $480.60 and a 200 day moving average price of $464.57.

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 issued a dividend of $0.1786 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, January 16th.

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

Large investors have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC acquired a new stake in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at approximately $27,000. McIlrath & Eck LLC raised its holdings in shares of SPDR Dow Jones Industrial Average ETF Trust by 454.5% in the second quarter. McIlrath & Eck LLC now owns 61 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of SPDR Dow Jones Industrial Average ETF Trust in the 2nd quarter valued at about $28,000. Hollencrest Capital Management grew 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 purchasing an additional 60 shares in the last quarter. Finally, Cornerstone Planning Group LLC bought a new stake in SPDR Dow Jones Industrial Average ETF Trust during the third quarter worth $32,000. 37.11% of the stock is currently owned by institutional investors and hedge funds.

SPDR Dow Jones Industrial Average ETF Trust Company Profile

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.