Short Interest in SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Decreases By 31.5%

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 364,882 shares, a drop of 31.5% from the December 15th total of 532,334 shares. Based on an average daily trading volume, of 1,493,525 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,493,525 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Optiver Holding B.V. purchased a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 3rd quarter valued at $31,000. GSB Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 60.8% during the second quarter. GSB Wealth Management LLC now owns 788 shares of the company’s stock valued at $33,000 after acquiring an additional 298 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the second quarter worth about $35,000. AdvisorNet Financial Inc grew its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 77.5% in the third quarter. AdvisorNet Financial Inc now owns 985 shares of the company’s stock worth $43,000 after purchasing an additional 430 shares during the last quarter. Finally, Access Investment Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the second quarter worth about $42,000.

SPDR Portfolio S&P 500 High Dividend ETF Stock Down 0.4%

Shares of NYSEARCA SPYD traded down $0.18 during midday trading on Friday, reaching $44.92. The company had a trading volume of 1,397,935 shares, compared to its average volume of 1,915,406. The stock has a market cap of $7.48 billion, a PE ratio of 15.73 and a beta of 0.84. SPDR Portfolio S&P 500 High Dividend ETF has a one year low of $37.92 and a one year high of $45.48. The firm’s fifty day moving average price is $43.54 and its 200-day moving average price is $43.64.

About SPDR Portfolio S&P 500 High Dividend ETF

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.