State Street Corporation (STT) : The short interest in State Street Corporation (STT) has changed with an increase of 406,901 shares and the open interest is 7.7%. From 5,280,927 short positions on Jul 29, 2016, the shorts increased to 5,687,828 shares by August 15, 2016. There are 3 more days left for the expiry and the daily trading volume of the stock is 2,009,684 shares. The total interest of shorts is 1.5% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
State Street Corporation (NYSE:STT): The stock opened at $69.32 on Wednesday but the bulls could not build on the opening and the stock topped out at $69.49 for the day. The stock traded down to $68.91 during the day, due to lack of any buying support eventually closed down at $69.02 with a loss of -0.43% for the day. The stock had closed at $69.32 on the previous day. The total traded volume was 1,762,141 shares.
In a related news, The officer (SVP, CAO and Controller), of State Street Corp, Newth Sean P had unloaded 054 shares at $68.64 per share in a transaction on August 16, 2016. The total value of transaction was $3,707. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
State Street Corporation (State Street), the parent company, is a financial holding company. The parent company provides financial and managerial support to its legal and operating subsidiaries. The Company, through its subsidiary, State Street Bank, provides financial services and products to institutional investors across the world. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. It has two lines of business: Investment Servicing and Investment Management. The Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. It provides Investment Management services through State Street Global Advisors (SSGA) .SSGA provides an array of investment management, investment research and investment advisory services.