SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sees Large Decline in Short Interest

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 723,407 shares, a decrease of 53.1% from the August 15th total of 1,542,159 shares. Based on an average trading volume of 1,288,340 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of NYSEARCA SPMD opened at $65.24 on Monday. The stock has a market cap of $18.05 billion, a P/E ratio of 4.58 and a beta of 1.01. The business’s fifty day simple moving average is $66.67 and its 200-day simple moving average is $64.45. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $54.53 and a 12-month high of $68.97.

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

A number of hedge funds have recently bought and sold shares of the stock. Creative Planning grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the third quarter. Creative Planning now owns 87,966,062 shares of the company’s stock worth $5,030,779,000 after buying an additional 4,903,905 shares in the last quarter. Auto Owners Insurance Co raised its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% in the fourth quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock valued at $4,461,016,000 after acquiring an additional 75,993,600 shares in the last quarter. LPL Financial LLC lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 12,844,472 shares of the company’s stock worth $743,823,000 after acquiring an additional 173,911 shares during the last quarter. Morgan Stanley lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% in the fourth quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock worth $568,923,000 after acquiring an additional 6,634,293 shares during the last quarter. Finally, Valmark Advisers Inc. grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% during the 1st quarter. Valmark Advisers Inc. now owns 7,215,287 shares of the company’s stock worth $427,289,000 after acquiring an additional 173,551 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Company Profile

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.