SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Short Interest Up 63.3% in July

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

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

Shares of SPYD stock traded down $0.24 during midday trading on Friday, reaching $49.50. 1,130,391 shares of the company were exchanged, compared to its average volume of 1,533,829. SPDR Portfolio S&P 500 High Dividend ETF has a 12 month low of $41.87 and a 12 month high of $50.90. The company has a market cap of $7.63 billion, a P/E ratio of 15.73 and a beta of 0.71. The company’s 50 day moving average price is $48.41 and its two-hundred day moving average price is $47.00.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter valued at $28,000. Sound Income Strategies LLC increased its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 277.8% during the 4th quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock valued at $37,000 after purchasing an additional 600 shares during the period. SHP Wealth Management bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter worth $43,000. Matrix Private Capital Group LLC bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 1st quarter worth $53,000. Finally, Colonial Trust Advisors acquired a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter valued at $65,000.

SPDR Portfolio S&P 500 High Dividend ETF Company Profile

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.