Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Decreases By 61.8%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 32,817 shares, a decrease of 61.8% from the July 30th total of 85,867 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 75,148 shares, the days-to-cover ratio is presently 0.4 days.

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

NYSEARCA MDYV traded down $0.48 during midday trading on Friday, hitting $94.73. The company had a trading volume of 73,786 shares, compared to its average volume of 84,415. The firm has a 50-day moving average price of $95.07 and a 200-day moving average price of $91.43. The company has a market capitalization of $2.77 billion, a PE ratio of 15.85 and a beta of 0.96. SPDR S&P 400 Mid Cap Value ETF has a twelve month low of $79.64 and a twelve month high of $97.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its stake in SPDR S&P 400 Mid Cap Value ETF by 1.2% during the fourth quarter. LPL Financial LLC now owns 1,053,654 shares of the company’s stock worth $89,192,000 after buying an additional 12,720 shares in the last quarter. Avantax Planning Partners Inc. raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2.8% in the 1st quarter. Avantax Planning Partners Inc. now owns 918,268 shares of the company’s stock valued at $78,191,000 after buying an additional 24,826 shares in the last quarter. Lutz Financial Services LLC raised its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2.9% in the 1st quarter. Lutz Financial Services LLC now owns 805,859 shares of the company’s stock valued at $68,619,000 after buying an additional 22,421 shares in the last quarter. FAS Wealth Partners Inc. lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 2.4% during the 1st quarter. FAS Wealth Partners Inc. now owns 625,208 shares of the company’s stock worth $53,236,000 after acquiring an additional 14,368 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 7.5% during the 1st quarter. Cetera Investment Advisers now owns 410,049 shares of the company’s stock worth $34,916,000 after acquiring an additional 28,763 shares during the period.

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.