SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Update

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 37,283 shares, an increase of 70.9% from the August 31st total of 21,821 shares. Based on an average daily volume of 154,596 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

SPDR S&P Dividend ETF Stock Performance

NYSEARCA:SDY traded down $0.03 during trading hours on Wednesday, reaching $147.67. The stock had a trading volume of 17,116 shares, compared to its average volume of 236,928. The stock has a 50 day simple moving average of $155.13 and a 200 day simple moving average of $151.43. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $160.29. The stock has a market cap of $20.54 billion, a P/E ratio of 19.85 and a beta of 0.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Park National Corp OH bought a new stake in SPDR S&P Dividend ETF in the 1st quarter valued at about $28,000. Markowski Investments bought a new position in SPDR S&P Dividend ETF during the second quarter worth about $28,000. Continuum Advisory LLC purchased a new position in shares of SPDR S&P Dividend ETF in the second quarter worth about $29,000. MBM Wealth Consultants LLC purchased a new position in shares of SPDR S&P Dividend ETF in the first quarter worth about $34,000. Finally, Evergreen Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF in the first quarter worth about $53,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Company Profile

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.