SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Down 61.7% in August

SPDR S&P Dividend ETF (NYSEARCA:SDY) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 21,821 shares, a drop of 61.7% from the August 15th total of 56,914 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 203,765 shares, the days-to-cover ratio is currently 0.1 days.

SPDR S&P Dividend ETF Trading Up 0.4%

Shares of SDY traded up $0.63 on Friday, reaching $153.00. 130,089 shares of the company’s stock were exchanged, compared to its average volume of 241,143. The business has a 50 day moving average price of $156.07 and a two-hundred day moving average price of $151.72. SPDR S&P Dividend ETF has a 12 month low of $135.30 and a 12 month high of $160.29. The stock has a market capitalization of $23.16 billion, a P/E ratio of 19.85 and a beta of 0.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SDY. Godsey & Gibb Inc. boosted its holdings in shares of SPDR S&P Dividend ETF by 4.0% in the 1st quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock valued at $268,000 after buying an additional 70 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock worth $1,199,000 after acquiring an additional 71 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of SPDR S&P Dividend ETF by 1.3% during the 1st quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock worth $808,000 after acquiring an additional 71 shares in the last quarter. Bangor Savings Bank lifted its position in SPDR S&P Dividend ETF by 5.6% during the second quarter. Bangor Savings Bank now owns 1,481 shares of the company’s stock valued at $225,000 after acquiring an additional 79 shares during the last quarter. Finally, Pittenger & Anderson Inc. lifted its position in SPDR S&P Dividend ETF by 3.9% during the first quarter. Pittenger & Anderson Inc. now owns 2,136 shares of the company’s stock valued at $312,000 after acquiring an additional 80 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors.

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.