SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sees Large Decline in Short Interest

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 2,338,947 shares, a decrease of 19.6% from the February 12th total of 2,908,647 shares. Based on an average daily trading volume, of 2,417,136 shares, the short-interest ratio is currently 1.0 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 2,417,136 shares, the short-interest ratio is currently 1.0 days.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.9%

NYSEARCA SPMD traded up $0.54 during trading on Tuesday, reaching $59.65. The company’s stock had a trading volume of 3,438,529 shares, compared to its average volume of 3,422,557. The stock has a market capitalization of $15.65 billion, a PE ratio of 4.19 and a beta of 1.07. The business has a 50-day moving average price of $61.43 and a 200-day moving average price of $58.88. SPDR Portfolio S&P 400 Mid Cap ETF has a 1-year low of $43.99 and a 1-year high of $63.67.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC bought a new position in SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at about $25,000. Ballast Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter worth about $26,000. Compass Financial Services Inc bought a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth about $30,000. Crewe Advisors LLC boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% during the 4th quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock worth $31,000 after acquiring an additional 182 shares in the last quarter. Finally, Stone House Investment Management LLC increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% during the 4th quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock valued at $31,000 after acquiring an additional 197 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Company Profile

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.