SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sees Significant Growth in Short Interest

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 1,170,832 shares, an increase of 27.8% from the February 26th total of 916,324 shares. Based on an average daily volume of 2,083,113 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the company’s stock are short sold.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

Shares of SPYD opened at $44.94 on Monday. The firm has a market cap of $7.44 billion, a P/E ratio of 15.73 and a beta of 0.84. 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 firm’s 50 day moving average price is $46.36 and its two-hundred day moving average price is $44.54.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Auto Owners Insurance Co boosted its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 5,697.4% during the fourth quarter. Auto Owners Insurance Co now owns 118,847,500 shares of the company’s stock worth $5,140,154,000 after buying an additional 116,797,500 shares during the period. LPL Financial LLC boosted its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.0% in the 4th quarter. LPL Financial LLC now owns 4,524,639 shares of the company’s stock valued at $195,691,000 after buying an additional 43,656 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF in the third quarter valued at $187,209,000. Ameriprise Financial Inc. increased its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 4,040,675 shares of the company’s stock worth $177,792,000 after buying an additional 276,334 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 1.8% during the third quarter. Bank of America Corp DE now owns 3,178,541 shares of the company’s stock worth $139,856,000 after buying an additional 55,984 shares during the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Company Profile

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.