SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sees Significant Decrease in Short Interest

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 67,061 shares, a decline of 52.4% from the June 15th total of 140,964 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 93,289 shares, the short-interest ratio is presently 0.7 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter valued at $30,000. KERR FINANCIAL PLANNING Corp boosted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 50.0% in the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after buying an additional 114 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the fourth quarter worth $51,000. JFS Wealth Advisors LLC grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 28.2% in the second quarter. JFS Wealth Advisors LLC now owns 518 shares of the company’s stock worth $58,000 after acquiring an additional 114 shares during the period. Finally, Financial Life Planners bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the first quarter worth $62,000.

SPDR S&P 400 Mid Cap Growth ETF Stock Down 1.0%

NYSEARCA:MDYG opened at $107.74 on Tuesday. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 22.35 and a beta of 1.05. SPDR S&P 400 Mid Cap Growth ETF has a 52 week low of $86.23 and a 52 week high of $112.17. The company’s 50 day moving average price is $108.45 and its 200-day moving average price is $102.07.

About SPDR S&P 400 Mid Cap Growth ETF

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum. 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 Capital Market with market capitalizations between $850 million and $3.8 billion.