SPDR S&P Dividend ETF (NYSEARCA:SDY) Stock Short Interest Jumps 113.1%

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 106,179 shares, a growth of 113.1% from the September 30th total of 49,830 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 219,342 shares, the days-to-cover ratio is currently 0.5 days.

SPDR S&P Dividend ETF Stock Up 0.3%

Shares of SDY stock traded up $0.53 during trading hours on Friday, reaching $160.72. 207,901 shares of the company’s stock were exchanged, compared to its average volume of 235,246. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $162.31. The stock has a market capitalization of $22.28 billion, a P/E ratio of 19.85 and a beta of 0.69. The business has a fifty day moving average price of $153.44 and a 200-day moving average price of $151.60.

Hedge Funds Weigh In On SPDR S&P Dividend ETF

Several large investors have recently bought and sold shares of the stock. Noesis Capital Mangement Corp raised its stake in SPDR S&P Dividend ETF by 1.3% during the third quarter. Noesis Capital Mangement Corp now owns 5,157 shares of the company’s stock worth $755,000 after acquiring an additional 64 shares in the last quarter. Bangor Savings Bank lifted its holdings in shares of SPDR S&P Dividend ETF by 5.6% during the second quarter. Bangor Savings Bank now owns 1,481 shares of the company’s stock valued at $225,000 after acquiring an additional 79 shares during the period. Pittenger & Anderson Inc. boosted its stake in shares of SPDR S&P Dividend ETF by 3.9% in the 1st quarter. Pittenger & Anderson Inc. now owns 2,136 shares of the company’s stock valued at $312,000 after purchasing an additional 80 shares in the last quarter. RFG Bristol Wealth Advisors LLC boosted its stake in shares of SPDR S&P Dividend ETF by 5.6% in the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 1,589 shares of the company’s stock valued at $232,000 after purchasing an additional 84 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC grew its holdings in shares of SPDR S&P Dividend ETF by 2.4% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 3,621 shares of the company’s stock worth $551,000 after purchasing an additional 86 shares during the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Company Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.