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

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 32,817 shares, a decline of 61.8% from the July 30th total of 85,867 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 75,148 shares, the days-to-cover ratio is currently 0.4 days.

SPDR S&P 400 Mid Cap Value ETF Trading Down 0.5%

Shares of MDYV traded down $0.52 during mid-day trading on Friday, hitting $94.69. 108,372 shares of the company’s stock were exchanged, compared to its average volume of 84,670. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $79.64 and a fifty-two week high of $97.58. The business’s 50 day moving average is $95.10 and its two-hundred day moving average is $91.45. The firm has a market capitalization of $2.77 billion, a P/E ratio of 15.85 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 1.2% in the 4th quarter. LPL Financial LLC now owns 1,053,654 shares of the company’s stock valued at $89,192,000 after buying an additional 12,720 shares during the period. Avantax Planning Partners Inc. boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.8% in the first quarter. Avantax Planning Partners Inc. now owns 918,268 shares of the company’s stock valued at $78,191,000 after acquiring an additional 24,826 shares in the last quarter. Lutz Financial Services LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 2.9% during the first quarter. Lutz Financial Services LLC now owns 805,859 shares of the company’s stock worth $68,619,000 after acquiring an additional 22,421 shares during the period. FAS Wealth Partners Inc. raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 2.4% during the first quarter. FAS Wealth Partners Inc. now owns 625,208 shares of the company’s stock worth $53,236,000 after purchasing an additional 14,368 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in SPDR S&P 400 Mid Cap Value ETF by 7.5% during the first quarter. Cetera Investment Advisers now owns 410,049 shares of the company’s stock worth $34,916,000 after purchasing an additional 28,763 shares in the last quarter.

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.