Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Decreases By 63.4%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 28,576 shares, a decline of 63.4% from the April 15th total of 78,077 shares. Based on an average daily trading volume, of 62,541 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 12.0% during the third quarter. Chicago Partners Investment Group LLC now owns 54,427 shares of the company’s stock worth $4,539,000 after purchasing an additional 5,852 shares during the last quarter. AE Wealth Management LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 16.3% during the third quarter. AE Wealth Management LLC now owns 661,703 shares of the company’s stock worth $55,193,000 after purchasing an additional 92,682 shares during the last quarter. Cooke Wealth Management LLC acquired a new position in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth $1,650,000. JPMorgan Chase & Co. raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 100.4% during the third quarter. JPMorgan Chase & Co. now owns 44,510 shares of the company’s stock worth $3,713,000 after purchasing an additional 22,302 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 229.9% during the third quarter. Onyx Bridge Wealth Group LLC now owns 14,091 shares of the company’s stock worth $1,175,000 after purchasing an additional 9,820 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Down 1.4%

Shares of SPDR S&P 400 Mid Cap Value ETF stock traded down $1.23 during trading on Friday, reaching $88.68. The company’s stock had a trading volume of 34,454 shares, compared to its average volume of 86,779. SPDR S&P 400 Mid Cap Value ETF has a 12-month low of $75.52 and a 12-month high of $93.10. The company has a market capitalization of $2.51 billion, a P/E ratio of 15.85 and a beta of 0.98. The business has a 50 day moving average price of $87.76 and a 200-day moving average price of $87.06.

SPDR S&P 400 Mid Cap Value ETF Company Profile

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.