SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Significant Increase in Short Interest

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 100,307 shares, a growth of 184.0% from the August 31st total of 35,320 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 72,568 shares, the short-interest ratio is currently 1.4 days.

SPDR S&P 400 Mid Cap Value ETF Trading Down 0.6%

NYSEARCA:MDYV traded down $0.52 on Monday, reaching $89.77. 29,010 shares of the stock traded hands, compared to its average volume of 83,969. The company’s 50 day moving average is $94.49 and its 200-day moving average is $91.76. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $79.64 and a 1-year high of $97.58. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 15.85 and a beta of 0.96.

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

A number of large investors have recently bought and sold shares of the stock. WCG Wealth Advisors LLC grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 187.5% during the 4th quarter. WCG Wealth Advisors LLC now owns 240,820 shares of the company’s stock valued at $20,386,000 after acquiring an additional 157,062 shares during the period. FAS Wealth Partners Inc. lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 2.4% in the first quarter. FAS Wealth Partners Inc. now owns 625,208 shares of the company’s stock valued at $53,236,000 after purchasing an additional 14,368 shares during the last quarter. Global Assets Advisory LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at approximately $725,000. Vise Technologies Inc. bought a new position in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter valued at $754,000. Finally, Cvfg LLC purchased a new stake in SPDR S&P 400 Mid Cap Value ETF in the first quarter worth $818,000.

About SPDR S&P 400 Mid Cap Value ETF

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.