Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Increases By 108.6%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 40,157 shares, a growth of 108.6% from the May 31st total of 19,249 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 54,963 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDYV. LPL Financial LLC raised its stake in SPDR S&P 400 Mid Cap Value ETF by 1.2% in the fourth quarter. LPL Financial LLC now owns 1,053,654 shares of the company’s stock worth $89,192,000 after buying an additional 12,720 shares in the last quarter. Avantax Planning Partners Inc. boosted its position in SPDR S&P 400 Mid Cap Value ETF by 2.8% during the 1st quarter. Avantax Planning Partners Inc. now owns 918,268 shares of the company’s stock valued at $78,191,000 after acquiring an additional 24,826 shares in the last quarter. AE Wealth Management LLC boosted its position in SPDR S&P 400 Mid Cap Value ETF by 29.8% during the 4th quarter. AE Wealth Management LLC now owns 858,798 shares of the company’s stock valued at $72,697,000 after acquiring an additional 197,095 shares in the last quarter. Lutz Financial Services LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.9% in the 1st quarter. Lutz Financial Services LLC now owns 805,859 shares of the company’s stock valued at $68,619,000 after acquiring an additional 22,421 shares during the period. Finally, FAS Wealth Partners Inc. increased its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.4% in the 1st quarter. FAS Wealth Partners Inc. now owns 625,208 shares of the company’s stock valued at $53,236,000 after acquiring an additional 14,368 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Trading Down 0.5%

Shares of MDYV stock opened at $94.33 on Thursday. SPDR S&P 400 Mid Cap Value ETF has a twelve month low of $78.19 and a twelve month high of $95.34. The stock has a fifty day simple moving average of $91.79 and a two-hundred day simple moving average of $89.22. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 15.85 and a beta of 0.96.

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.