SPDR S&P 600 Small Cap is an open-end investment management company. The Fund seeks to closely match the returns and characteristics of the S&P Small Cap 600 Index. The selection universe for the Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion. As of June 30 2015, the Fund's total assets and investment portfolio totaled $477,872,611 and $472,454,626, respectively. We show 33 historical shares outstanding datapoints in our SLY shares outstanding history coverage, used to compute SLY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SLY market cap history over the course of time is important for investors
interested in comparing SLY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SLY versus a peer is one thing; comparing
SLY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SLY can fluctuate over the course of history.
With this page we aim to empower investors researching SLY by allowing them to research the SLY market cap history. |
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Video: The Importance of Market Cap
