Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Grows By 108.6%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 40,157 shares, a growth of 108.6% from the May 31st total of 19,249 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,963 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in SPDR S&P 400 Mid Cap Value ETF by 0.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 44,305 shares of the company’s stock worth $3,773,000 after acquiring an additional 117 shares during the last quarter. US Bancorp DE increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 23.9% in the 3rd quarter. US Bancorp DE now owns 643 shares of the company’s stock worth $54,000 after purchasing an additional 124 shares in the last quarter. Norden Group LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 2.5% in the fourth quarter. Norden Group LLC now owns 5,593 shares of the company’s stock valued at $473,000 after purchasing an additional 136 shares during the last quarter. Intrua Financial LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 0.5% in the fourth quarter. Intrua Financial LLC now owns 27,630 shares of the company’s stock valued at $2,339,000 after purchasing an additional 147 shares during the last quarter. Finally, Independent Advisor Alliance boosted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 2.7% during the fourth quarter. Independent Advisor Alliance now owns 5,893 shares of the company’s stock valued at $499,000 after purchasing an additional 155 shares in the last quarter.

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

Shares of MDYV stock traded down $0.52 during trading hours on Wednesday, reaching $94.33. The company’s stock had a trading volume of 68,594 shares, compared to its average volume of 85,589. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $78.19 and a fifty-two week high of $95.34. The firm’s 50 day simple moving average is $91.79 and its 200-day simple moving average is $89.22. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 15.85 and a beta of 0.96.

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.