The short interest in the Xtrackers S&P 500 Scored & Screened ETF (NYSEARCA:SNPE) witnessed a remarkable increase of 134.6% in January 2024. As of January 15, the total short interest reached 198,593 shares, up from 84,653 shares reported on December 31, 2023. This surge indicates a growing sentiment among investors, with approximately 0.5% of the company’s shares now short sold based on an average daily trading volume of 397,979 shares.
On the same day, shares of the ETF traded down by 0.4%, closing at $63.54. The trading volume for the day reached 378,647 shares, slightly below the average volume of 416,022 shares. Over the past year, the ETF has experienced a low of $43.43 and a high of $64.03, reflecting its volatility in the market. The fund currently holds a market capitalization of approximately $2.39 billion and a price-to-earnings ratio of 25.26.
Institutional Investment Shifts
Several institutional investors and hedge funds have adjusted their positions in the Xtrackers ETF, signaling increased interest. Twin Peaks Wealth Advisors LLC acquired a new stake during the second quarter valued at around $58,000. Additionally, Private Trust Co. NA raised its position by 46.4%, owning 10,189 shares valued at $563,000 after purchasing an additional 3,227 shares.
Another notable investment came from Ethic Inc., which bought a new stake valued at $203,000. Money Design Co. Ltd. also increased its holdings by 3.8%, bringing its total to 425,847 shares worth $23,549,000 after acquiring 15,434 shares. Finally, BNP Paribas Financial Markets made a significant move, lifting its position by an astounding 489,900.0% in the same quarter, now holding 19,600 shares worth $1,084,000.
Understanding the Xtrackers ETF
The Xtrackers S&P 500 Scored & Screened ETF is designed to track the S&P 500 ESG index, focusing on large-cap U.S. securities selected based on environmental, social, and governance principles. Launched on June 26, 2019, the ETF is managed by Xtrackers, which aims to provide investors with a transparent investment vehicle that aligns with sustainable investment strategies.
As the trading landscape evolves, the dramatic shift in short interest and institutional investment in the Xtrackers ETF reflects changing market dynamics and investor sentiment. Stakeholders will continue to monitor these trends as they unfold in the coming months.
