Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Decreases By 38.4%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 17,589 shares, a drop of 38.4% from the April 30th total of 28,576 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 68,952 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Several hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 1.2% during the 4th quarter. LPL Financial LLC now owns 1,053,654 shares of the company’s stock worth $89,192,000 after acquiring an additional 12,720 shares in the last quarter. Avantax Planning Partners Inc. grew its stake in shares of 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 worth $78,191,000 after acquiring an additional 24,826 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of 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 worth $72,697,000 after acquiring an additional 197,095 shares in the last quarter. Lutz Financial Services LLC grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 2.9% during the 1st quarter. Lutz Financial Services LLC now owns 805,859 shares of the company’s stock worth $68,619,000 after acquiring an additional 22,421 shares in the last quarter. Finally, FAS Wealth Partners Inc. grew its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 1.9% during the 4th quarter. FAS Wealth Partners Inc. now owns 610,840 shares of the company’s stock worth $51,708,000 after acquiring an additional 11,325 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Up 0.4%

Shares of MDYV opened at $92.28 on Friday. The stock has a market capitalization of $2.62 billion, a P/E ratio of 15.85 and a beta of 0.96. SPDR S&P 400 Mid Cap Value ETF has a twelve month low of $76.73 and a twelve month high of $93.10. The company has a 50 day moving average of $89.39 and a 200-day moving average of $87.92.

About SPDR S&P 400 Mid Cap Value ETF

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.