SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Short Interest Update

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,368,945 shares, a growth of 63.3% from the June 30th total of 838,294 shares. Based on an average trading volume of 957,030 shares, the short-interest ratio is presently 1.4 days. Currently, 0.9% of the company’s stock are sold short.

SPDR Portfolio S&P 500 High Dividend ETF Trading Down 0.5%

NYSEARCA SPYD traded down $0.24 during trading hours on Friday, hitting $49.50. The company’s stock had a trading volume of 1,130,391 shares, compared to its average volume of 1,533,829. The company has a market capitalization of $7.63 billion, a PE ratio of 15.73 and a beta of 0.71. SPDR Portfolio S&P 500 High Dividend ETF has a 52 week low of $41.87 and a 52 week high of $50.90. The company’s 50-day simple moving average is $48.41 and its two-hundred day simple moving average is $47.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Auto Owners Insurance Co grew its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 5,697.4% during the fourth quarter. Auto Owners Insurance Co now owns 118,847,500 shares of the company’s stock worth $5,140,154,000 after buying an additional 116,797,500 shares in the last quarter. LPL Financial LLC lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 1.0% during the 4th quarter. LPL Financial LLC now owns 4,524,639 shares of the company’s stock valued at $195,691,000 after acquiring an additional 43,656 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,040,675 shares of the company’s stock valued at $177,792,000 after acquiring an additional 276,334 shares in the last quarter. Bank of America Corp DE boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 0.9% during the 1st quarter. Bank of America Corp DE now owns 3,356,512 shares of the company’s stock worth $152,788,000 after acquiring an additional 30,295 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 4.3% during the 4th quarter. Morgan Stanley now owns 1,546,240 shares of the company’s stock worth $66,875,000 after acquiring an additional 63,369 shares during the last quarter.

About SPDR Portfolio S&P 500 High Dividend ETF

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.