Short interest in the Xtrackers S&P 500 Scored & Screened ETF (NYSEARCA:SNPE) experienced a notable increase in January 2024. As of January 15, short interest reached a total of 198,593 shares, reflecting an increase of 134.6% from the December 31 figure of 84,653 shares. This surge indicates a heightened level of investor speculation regarding the fund’s performance.
The current short-interest ratio stands at 0.5 days, based on an average daily trading volume of 397,979 shares. Approximately 0.5% of the ETF’s shares are currently short sold, suggesting a cautious sentiment among investors.
Recent Trading Activity
Shares of the Xtrackers S&P 500 Scored & Screened ETF closed down 0.4% on Friday, reaching $63.54. During the trading session, 378,647 shares changed hands, slightly below the average volume of 416,022 shares. The ETF’s 50-day simple moving average is currently at $62.67, while its 200-day simple moving average is $60.34. Over the past year, the ETF has seen a low of $43.43 and a high of $64.03, reflecting significant volatility in its price.
The fund has a market capitalization of $2.39 billion and a price-to-earnings ratio of 25.26, with a beta value of 1.01, indicating that its price movements are in line with market trends.
Institutional Investor Activity
Recent months have seen several institutional investors and hedge funds adjusting their positions in the Xtrackers S&P 500 Scored & Screened ETF. Twin Peaks Wealth Advisors LLC acquired a new stake worth approximately $58,000 during the second quarter. Similarly, Private Trust Co. NA increased its position by 46.4%, now owning 10,189 shares valued at $563,000 after purchasing an additional 3,227 shares.
In a notable move, Ethic Inc. invested approximately $203,000 to acquire a new stake in the ETF during the same period. Money Design Co. Ltd. raised its holdings by 3.8%, now controlling 425,847 shares valued at $23.5 million following the purchase of an additional 15,434 shares.
The most dramatic change came from BNP Paribas Financial Markets, which increased its stake by an astonishing 489,900.0%, now holding 19,600 shares worth $1.08 million after acquiring an additional 19,596 shares.
The Xtrackers S&P 500 Scored & Screened ETF, launched on June 26, 2019, is designed to track a principle-selected, market-cap-weighted index of U.S. large-cap securities. As market dynamics continue to evolve, the ETF’s performance remains a critical focus for investors and analysts alike.
