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

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 59,381 shares, a growth of 320.6% from the October 15th total of 14,119 shares. Based on an average daily trading volume, of 154,694 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Several large investors have recently made changes to their positions in MDYV. TIAA Trust National Association bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the third quarter worth approximately $1,766,000. Balanced Wealth Group LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at $5,273,000. Private Advisor Group LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at $11,112,000. Focus Advisor Solutions LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter valued at $4,284,000. Finally, Independent Advisor Alliance bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter worth $436,000.

SPDR S&P 400 Mid Cap Value ETF Stock Up 0.6%

NYSEARCA:MDYV opened at $94.94 on Thursday. The business’s 50-day moving average price is $91.94 and its 200 day moving average price is $91.50. The firm has a market cap of $2.86 billion, a P/E ratio of 16.29 and a beta of 0.97. SPDR S&P 400 Mid Cap Value ETF has a 52-week low of $79.64 and a 52-week high of $97.58.

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.