SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Large Increase in Short Interest

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 59,381 shares, an increase of 320.6% from the October 15th total of 14,119 shares. Based on an average trading volume of 154,694 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

SPDR S&P 400 Mid Cap Value ETF Trading Up 0.6%

MDYV opened at $94.94 on Thursday. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $79.64 and a 1-year high of $97.58. The stock has a market capitalization of $2.86 billion, a PE ratio of 16.29 and a beta of 0.97. The firm has a 50-day moving average price of $91.94 and a two-hundred day moving average price of $91.50.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TIAA Trust National Association bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at $1,766,000. Balanced Wealth Group LLC acquired a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter valued at $5,273,000. Private Advisor Group LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter worth $11,112,000. Focus Advisor Solutions LLC bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter worth $4,284,000. Finally, Independent Advisor Alliance bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the 3rd quarter worth $436,000.

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.