SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Down 69.5% in January

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,057,107 shares, a decrease of 69.5% from the December 31st total of 6,752,554 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 3,009,781 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 3,009,781 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Investors Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF

Several large investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% in the third quarter. Creative Planning now owns 87,966,062 shares of the company’s stock valued at $5,030,779,000 after purchasing an additional 4,903,905 shares during the period. Greenleaf Trust lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 1,293.1% in the fourth quarter. Greenleaf Trust now owns 801,325 shares of the company’s stock worth $46,405,000 after acquiring an additional 743,806 shares during the period. Vicus Capital grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 4,002.1% during the 3rd quarter. Vicus Capital now owns 642,672 shares of the company’s stock worth $36,754,000 after acquiring an additional 627,005 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3,714.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 627,323 shares of the company’s stock valued at $34,114,000 after purchasing an additional 610,877 shares in the last quarter. Finally, Hills Bank & Trust Co raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 96.5% in the 2nd quarter. Hills Bank & Trust Co now owns 1,195,251 shares of the company’s stock valued at $64,998,000 after purchasing an additional 586,903 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

Shares of SPMD traded down $0.16 during mid-day trading on Wednesday, reaching $60.92. 2,381,948 shares of the company’s stock traded hands, compared to its average volume of 3,182,153. The stock’s 50-day moving average is $59.05 and its two-hundred day moving average is $57.48. SPDR Portfolio S&P 400 Mid Cap ETF has a 12 month low of $43.99 and a 12 month high of $62.33. The stock has a market cap of $15.94 billion, a P/E ratio of 4.28 and a beta of 1.07.

About SPDR Portfolio S&P 400 Mid Cap ETF

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.