Short Interest in SPDR S&P Dividend ETF (NYSEARCA:SDY) Decreases By 45.8%

SPDR S&P Dividend ETF (NYSEARCA:SDY) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 30,287 shares, a decline of 45.8% from the July 15th total of 55,888 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 185,410 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the 1st quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock worth $1,068,195,000 after acquiring an additional 36,785 shares during the period. Morgan Stanley raised its holdings in SPDR S&P Dividend ETF by 2.0% during the fourth quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock worth $673,631,000 after purchasing an additional 95,878 shares during the last quarter. Raymond James Financial Inc. boosted its position in SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after purchasing an additional 119,562 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in SPDR S&P Dividend ETF by 4.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after purchasing an additional 121,368 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in SPDR S&P Dividend ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock valued at $288,980,000 after purchasing an additional 39,572 shares during the last quarter. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Stock Down 1.0%

NYSEARCA SDY traded down $1.57 during trading hours on Monday, hitting $156.96. 186,939 shares of the stock were exchanged, compared to its average volume of 248,157. The stock has a 50-day moving average of $154.32 and a 200 day moving average of $151.18. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $160.29. The company has a market cap of $23.76 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

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.