SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Update

SPDR S&P Dividend ETF (NYSEARCA:SDY) saw a significant drop in short interest in 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. Based on an average daily trading volume, of 203,765 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

SPDR S&P Dividend ETF Stock Down 0.4%

Shares of SPDR S&P Dividend ETF stock traded down $0.60 during trading on Tuesday, reaching $153.33. The company’s stock had a trading volume of 174,072 shares, compared to its average volume of 240,408. The business’s 50-day moving average price is $156.04 and its 200-day moving average price is $151.69. The firm has a market cap of $23.21 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $160.29.

Institutional Trading of SPDR S&P Dividend ETF

A number of institutional investors have recently bought and sold shares of SDY. Thrivent Financial for Lutherans raised its holdings in shares of SPDR S&P Dividend ETF by 121.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 17,611 shares of the company’s stock valued at $2,458,000 after purchasing an additional 9,657 shares during the period. Koenig Investment Advisory LLC acquired a new stake in shares of SPDR S&P Dividend ETF in the 4th quarter valued at about $6,836,000. Churchill Financial Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the 4th quarter valued at about $1,451,000. J.Safra Asset Management Corp raised its stake in SPDR S&P Dividend ETF by 3.4% during the 4th quarter. J.Safra Asset Management Corp now owns 353,863 shares of the company’s stock worth $49,244,000 after buying an additional 11,503 shares during the period. Finally, Houlihan Financial Resource Group Ltd. raised its stake in SPDR S&P Dividend ETF by 120.1% during the 4th quarter. Houlihan Financial Resource Group Ltd. now owns 39,373 shares of the company’s stock worth $5,641,000 after buying an additional 21,481 shares during the period. Institutional investors own 43.42% of the company’s stock.

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.