SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Down 55.3% in May

SPDR S&P Dividend ETF (NYSEARCA:SDY) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 41,308 shares, a drop of 55.3% from the May 14th total of 92,503 shares. Based on an average trading volume of 235,966 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

SPDR S&P Dividend ETF Stock Up 0.8%

Shares of SDY stock traded up $1.25 during mid-day trading on Friday, reaching $152.66. The stock had a trading volume of 224,658 shares, compared to its average volume of 259,850. The firm’s 50 day simple moving average is $148.47 and its 200 day simple moving average is $147.08. SPDR S&P Dividend ETF has a one year low of $132.89 and a one year high of $156.39. The firm has a market cap of $22.34 billion, a PE ratio of 19.85 and a beta of 0.69.

Hedge Funds Weigh In On SPDR S&P Dividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of SDY. Park National Corp OH bought a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $28,000. Delos Wealth Advisors LLC bought a new position in shares of SPDR S&P Dividend ETF during the 3rd quarter worth approximately $29,000. Ankerstar Wealth LLC bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P Dividend ETF during the 4th quarter worth approximately $34,000. Finally, MBM Wealth Consultants LLC bought a new position in shares of SPDR S&P Dividend ETF during the 1st quarter worth approximately $34,000. Institutional investors own 43.42% of the company’s stock.

About SPDR S&P Dividend ETF

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.