SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Short Interest Down 56.9% in May

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,382,281 shares, a decrease of 56.9% from the April 30th total of 3,206,555 shares. Based on an average daily volume of 2,241,453 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Value ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Key Capital Management INC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at approximately $25,000. Highline Wealth Partners LLC boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 229.2% in the 4th quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock worth $26,000 after buying an additional 314 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth $26,000. Abich Financial Wealth Management LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the third quarter valued at about $27,000. Finally, Meramec Financial Planners LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the first quarter valued at about $28,000.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.2%

Shares of NYSEARCA:SPYV traded down $0.12 on Friday, reaching $61.05. 2,902,203 shares of the company traded hands, compared to its average volume of 3,540,065. The business’s 50-day simple moving average is $58.74 and its 200 day simple moving average is $58.02. The stock has a market capitalization of $34.31 billion, a P/E ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $50.27 and a 52 week high of $61.33.

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.