Short Interest in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Rises By 201.0%

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 916,324 shares, a growth of 201.0% from the February 12th total of 304,472 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 2,120,788 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 2,120,788 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are short sold.

SPDR Portfolio S&P 500 High Dividend ETF Trading Down 1.0%

SPYD stock traded down $0.45 during trading on Wednesday, reaching $46.03. 1,133,304 shares of the stock were exchanged, compared to its average volume of 2,086,073. SPDR Portfolio S&P 500 High Dividend ETF has a twelve month low of $37.92 and a twelve month high of $48.53. The company has a market capitalization of $7.62 billion, a P/E ratio of 15.73 and a beta of 0.84. The stock has a 50 day simple moving average of $46.04 and a 200-day simple moving average of $44.48.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. CWM LLC raised its position in SPDR Portfolio S&P 500 High Dividend ETF by 19.4% in the third quarter. CWM LLC now owns 186,112 shares of the company’s stock worth $8,189,000 after purchasing an additional 30,249 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the second quarter valued at approximately $451,000. Vantagepoint Investment Advisers LLC acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the third quarter valued at approximately $187,209,000. Creative Planning grew its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 11.1% in the 2nd quarter. Creative Planning now owns 84,882 shares of the company’s stock valued at $3,602,000 after purchasing an additional 8,513 shares during the period. Finally, Nan Fung Trinity HK Ltd. acquired a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 3rd quarter worth approximately $981,000.

About SPDR Portfolio S&P 500 High Dividend ETF

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.