SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Up 100.2% in May

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,087,846 shares, a growth of 100.2% from the April 30th total of 1,042,886 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,660,823 shares, the days-to-cover ratio is presently 1.3 days.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

NYSEARCA:SPMD traded down $0.06 during mid-day trading on Monday, reaching $65.35. The stock had a trading volume of 1,765,316 shares, compared to its average volume of 2,917,166. The firm has a 50 day moving average price of $62.50 and a two-hundred day moving average price of $60.77. The stock has a market capitalization of $17.43 billion, a P/E ratio of 4.59 and a beta of 1.02. SPDR Portfolio S&P 400 Mid Cap ETF has a one year low of $51.87 and a one year high of $65.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning grew its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the third quarter. Creative Planning now owns 87,966,062 shares of the company’s stock valued at $5,030,779,000 after buying an additional 4,903,905 shares during the last quarter. Auto Owners Insurance Co increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% in the 4th quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock worth $4,461,016,000 after purchasing an additional 75,993,600 shares during the period. LPL Financial LLC increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% in the 4th quarter. LPL Financial LLC now owns 12,844,472 shares of the company’s stock worth $743,823,000 after purchasing an additional 173,911 shares during the period. Morgan Stanley increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% in the 4th quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock worth $568,923,000 after purchasing an additional 6,634,293 shares during the period. Finally, Valmark Advisers Inc. increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% in the 1st quarter. Valmark Advisers Inc. now owns 7,215,287 shares of the company’s stock worth $427,289,000 after purchasing an additional 173,551 shares during the period. 61.70% of the stock is owned by institutional investors.

About SPDR Portfolio S&P 400 Mid Cap ETF

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.