SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Down 55.3% in May

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 41,308 shares, a decline of 55.3% from the May 14th total of 92,503 shares. Based on an average daily trading volume, of 235,966 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in SPDR S&P Dividend ETF by 165.3% during the 1st quarter. Parallel Advisors LLC now owns 6,864 shares of the company’s stock worth $1,002,000 after acquiring an additional 4,277 shares in the last quarter. Capasso Planning Partners LLC acquired a new position in SPDR S&P Dividend ETF during the 1st quarter worth $208,000. Segall Bryant & Hamill LLC acquired a new position in SPDR S&P Dividend ETF during the 1st quarter worth $1,560,000. GKV Capital Management Co. Inc. acquired a new position in SPDR S&P Dividend ETF during the 1st quarter worth $136,000. Finally, Western Wealth Management LLC grew its holdings in SPDR S&P Dividend ETF by 8.2% during the 1st quarter. Western Wealth Management LLC now owns 23,133 shares of the company’s stock worth $3,376,000 after acquiring an additional 1,762 shares in the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 0.8%

SDY stock traded up $1.25 during mid-day trading on Friday, hitting $152.66. 224,658 shares of the company were exchanged, compared to its average volume of 259,850. The company has a market capitalization of $22.34 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a twelve month low of $132.89 and a twelve month high of $156.39. The firm has a fifty day simple moving average of $148.47 and a 200 day simple moving average of $147.02.

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.