If your devious dividend capture plan involves you hedging against SPY’s price movements by selling IVV short until after SPY goes ex-dividend you can forget about it. The IVV (Barclays Global) price doesn’t drop by SPY’s dividend amount on SPY’s ex-dividend date. It continues to track the S&P 500 until it goes ex-dividend a few days later. Your master plan will net out with you down by at least your commission costs.
For IVV and SPY ex-dividend and distribution dates and lots of others see here.
If you are interested of an overview of dividend strategies—some of which actually work, see this post.
- Prediction: Dec 31, 2015 S&P 500 close at 2346 up 13.9%
- Assignment Risk, Short Calls, And Ex-Dividend Dates
- SPXH—Hedging the S&P 500 For Free?
- A Tale of Two Bulls
- Prediction: Dec 31,2013 S&P 500 close at 1468.38 up 2.96%