SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Short Interest Up 201.0% in February

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 916,324 shares, an increase of 201.0% from the February 12th total of 304,472 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 2,120,788 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 2,120,788 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

SPDR Portfolio S&P 500 High Dividend ETF Price Performance

Shares of NYSEARCA SPYD traded down $0.31 during trading hours on Thursday, hitting $45.83. 1,710,672 shares of the company’s stock were exchanged, compared to its average volume of 2,082,856. SPDR Portfolio S&P 500 High Dividend ETF has a 1-year low of $37.92 and a 1-year high of $48.53. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 15.73 and a beta of 0.84. The company’s 50-day moving average price is $46.15 and its 200-day moving average price is $44.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bank of Montreal Can boosted its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 4.3% in the second quarter. Bank of Montreal Can now owns 28,580 shares of the company’s stock valued at $1,213,000 after acquiring an additional 1,174 shares during the period. AE Wealth Management LLC raised its stake in SPDR Portfolio S&P 500 High Dividend ETF by 8.3% during the 2nd quarter. AE Wealth Management LLC now owns 99,045 shares of the company’s stock valued at $4,203,000 after purchasing an additional 7,599 shares during the last quarter. Prospera Financial Services Inc raised its stake in SPDR Portfolio S&P 500 High Dividend ETF by 188.4% during the 2nd quarter. Prospera Financial Services Inc now owns 53,127 shares of the company’s stock valued at $2,255,000 after purchasing an additional 34,704 shares during the last quarter. PFG Advisors boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 73.9% in the 2nd quarter. PFG Advisors now owns 17,283 shares of the company’s stock valued at $733,000 after purchasing an additional 7,346 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in SPDR Portfolio S&P 500 High Dividend ETF by 0.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,534,839 shares of the company’s stock worth $65,139,000 after purchasing an additional 7,661 shares during the last quarter.

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.