Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Declines By 62.9%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 19,934 shares, a decline of 62.9% from the December 31st total of 53,751 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 79,081 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 79,081 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR S&P 400 Mid Cap Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MDYV. US Bancorp DE raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 23.9% during the third quarter. US Bancorp DE now owns 643 shares of the company’s stock worth $54,000 after purchasing an additional 124 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 0.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 15,879 shares of the company’s stock worth $1,324,000 after acquiring an additional 133 shares in the last quarter. Norden Group LLC grew its stake in SPDR S&P 400 Mid Cap Value ETF by 2.5% in the 4th quarter. Norden Group LLC now owns 5,593 shares of the company’s stock valued at $473,000 after buying an additional 136 shares during the last quarter. LexAurum Advisors LLC boosted its stake in SPDR S&P 400 Mid Cap Value ETF by 1.4% during the 3rd quarter. LexAurum Advisors LLC now owns 10,507 shares of the company’s stock valued at $876,000 after purchasing an additional 143 shares during the period. Finally, WealthPLAN Partners LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 2.5% in the third quarter. WealthPLAN Partners LLC now owns 5,908 shares of the company’s stock valued at $493,000 after buying an additional 146 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Price Performance

MDYV traded up $0.42 during trading on Thursday, hitting $88.57. The company had a trading volume of 209,260 shares, compared to its average volume of 111,008. The company has a market cap of $2.57 billion, a PE ratio of 15.85 and a beta of 1.05. The business has a 50-day moving average of $86.48 and a 200-day moving average of $83.90. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $65.86 and a 1-year high of $90.61.

About SPDR S&P 400 Mid Cap Value ETF

SPDR S&P 400 Mid Cap Value ETF seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Value Index. The S&P MidCap 400 Value Index measures the performance of the mid-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio. The selection universe for the S&P MidCap 400 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 CapitalMarket with market capitalizations between $850 million and $3.8 billion.