SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Short Interest Update

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 838,294 shares, a decline of 51.5% from the June 15th total of 1,726,704 shares. Based on an average trading volume of 1,217,243 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Modus Advisors LLC bought a new position in shares of SPDR Portfolio S&P 500 High Dividend ETF during the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC increased its position in SPDR Portfolio S&P 500 High Dividend ETF by 277.8% during the 4th quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock valued at $37,000 after purchasing an additional 600 shares during the period. SHP Wealth Management purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter valued at $43,000. Matrix Private Capital Group LLC bought a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 1st quarter worth $53,000. Finally, IFP Advisors Inc raised its stake in SPDR Portfolio S&P 500 High Dividend ETF by 58.3% in the third quarter. IFP Advisors Inc now owns 1,319 shares of the company’s stock worth $58,000 after buying an additional 486 shares in the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Stock Up 0.2%

Shares of SPDR Portfolio S&P 500 High Dividend ETF stock traded up $0.11 on Wednesday, hitting $48.62. The stock had a trading volume of 639,250 shares, compared to its average volume of 1,587,587. The stock’s 50-day simple moving average is $47.73 and its two-hundred day simple moving average is $46.52. SPDR Portfolio S&P 500 High Dividend ETF has a one year low of $41.87 and a one year high of $49.21. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71.

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.