SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Short Interest Down 20.2% in January

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 345,027 shares, a drop of 20.2% from the January 15th total of 432,366 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,665,107 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,665,107 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthspire Advisors LLC boosted its position in SPDR Portfolio S&P 500 High Dividend ETF by 0.4% during the 4th quarter. Wealthspire Advisors LLC now owns 58,443 shares of the company’s stock worth $2,528,000 after acquiring an additional 220 shares during the period. Code Waechter LLC lifted its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.1% in the third quarter. Code Waechter LLC now owns 20,513 shares of the company’s stock worth $891,000 after purchasing an additional 230 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 0.7% during the fourth quarter. Kestra Advisory Services LLC now owns 36,525 shares of the company’s stock worth $1,580,000 after purchasing an additional 239 shares during the period. J.W. Cole Advisors Inc. grew its position in SPDR Portfolio S&P 500 High Dividend ETF by 1.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 13,326 shares of the company’s stock valued at $550,000 after purchasing an additional 248 shares in the last quarter. Finally, Sovereign Financial Group Inc. grew its position in SPDR Portfolio S&P 500 High Dividend ETF by 2.5% during the third quarter. Sovereign Financial Group Inc. now owns 10,354 shares of the company’s stock valued at $456,000 after purchasing an additional 251 shares in the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Stock Up 1.1%

Shares of NYSEARCA SPYD traded up $0.51 during midday trading on Friday, hitting $48.07. The stock had a trading volume of 1,907,120 shares, compared to its average volume of 2,091,937. SPDR Portfolio S&P 500 High Dividend ETF has a 1-year low of $37.92 and a 1-year high of $48.38. The company has a fifty day moving average price of $44.67 and a 200 day moving average price of $43.98. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 15.73 and a beta of 0.84.

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.