SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Down 45.8% in July

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 30,287 shares, a drop of 45.8% from the July 15th total of 55,888 shares. Based on an average daily trading volume, of 185,410 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

SPDR S&P Dividend ETF Stock Performance

SPDR S&P Dividend ETF stock opened at $157.66 on Wednesday. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29. The stock’s 50 day simple moving average is $154.46 and its two-hundred day simple moving average is $151.25. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

Several hedge funds have recently made changes to their positions in the company. Godsey & Gibb Inc. grew its stake in SPDR S&P Dividend ETF by 4.0% during the 1st quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock valued at $268,000 after acquiring an additional 70 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock worth $1,199,000 after purchasing an additional 71 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of SPDR S&P Dividend ETF by 1.3% in the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock worth $808,000 after purchasing an additional 71 shares in the last quarter. Bangor Savings Bank boosted its holdings in shares of 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 worth $225,000 after purchasing an additional 79 shares during the period. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of 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 worth $312,000 after purchasing an additional 80 shares during the period. 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.