SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sees Significant Growth in Short Interest

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,206,555 shares, an increase of 90.7% from the April 15th total of 1,681,128 shares. Based on an average trading volume of 2,631,599 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.6% of the company’s stock are short sold.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.3%

NYSEARCA SPYV traded down $0.19 during trading hours on Tuesday, hitting $60.05. The company’s stock had a trading volume of 863,459 shares, compared to its average volume of 3,536,643. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $49.68 and a 52 week high of $60.51. The company has a market capitalization of $33.75 billion, a PE ratio of 20.50 and a beta of 0.82. The company’s 50-day simple moving average is $58.09 and its two-hundred day simple moving average is $57.70.

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

Several hedge funds have recently modified their holdings of SPYV. ERn Financial LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 11.2% in the 3rd quarter. ERn Financial LLC now owns 644,527 shares of the company’s stock worth $35,662,000 after purchasing an additional 64,828 shares during the period. Asempa Wealth Advisors bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth approximately $945,000. AE Wealth Management LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 19.5% in the 3rd quarter. AE Wealth Management LLC now owns 3,117,992 shares of the company’s stock worth $172,519,000 after purchasing an additional 509,151 shares during the period. Destiny Capital Corp CO raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 7.4% in the 3rd quarter. Destiny Capital Corp CO now owns 357,542 shares of the company’s stock worth $19,783,000 after purchasing an additional 24,508 shares during the period. Finally, Capital Advisory Group Advisory Services LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 10.2% in the 3rd quarter. Capital Advisory Group Advisory Services LLC now owns 146,694 shares of the company’s stock worth $8,117,000 after purchasing an additional 13,540 shares during the period.

SPDR Portfolio S&P 500 Value ETF Company Profile

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 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 500 Index includes all 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 Capital Market with market capitalizations of $3.5 billion or more.