SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Update

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,262,455 shares, an increase of 58.6% from the January 15th total of 2,057,107 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 3,365,229 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 3,365,229 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.2% of the company’s stock are short sold.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 1.0%

Shares of NYSEARCA:SPMD traded up $0.59 during mid-day trading on Monday, hitting $62.50. 3,027,145 shares of the company traded hands, compared to its average volume of 3,305,382. The stock has a 50-day moving average price of $60.20 and a two-hundred day moving average price of $58.02. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $43.99 and a 12-month high of $63.65. The stock has a market cap of $16.40 billion, a P/E ratio of 4.39 and a beta of 1.07.

Institutional Trading of SPDR Portfolio S&P 400 Mid Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the third quarter. Creative Planning now owns 87,966,062 shares of the company’s stock worth $5,030,779,000 after purchasing an additional 4,903,905 shares during the last quarter. LPL Financial LLC lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% during the 4th quarter. LPL Financial LLC now owns 12,844,472 shares of the company’s stock worth $743,823,000 after buying an additional 173,911 shares in the last quarter. Morgan Stanley boosted its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% in the 4th quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock worth $568,923,000 after buying an additional 6,634,293 shares during the last quarter. Valmark Advisers Inc. grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.0% in the fourth quarter. Valmark Advisers Inc. now owns 7,041,736 shares of the company’s stock valued at $407,787,000 after acquiring an additional 204,651 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 0.7% in the third quarter. CWM LLC now owns 4,728,484 shares of the company’s stock valued at $270,422,000 after acquiring an additional 33,612 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Company Profile

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.