Short Interest in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Grows By 28.1%

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,207,769 shares, an increase of 28.1% from the March 31st total of 943,118 shares. Based on an average daily volume of 2,464,841 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF

Several hedge funds have recently modified their holdings of the stock. ORG Partners LLC purchased a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the 3rd quarter worth approximately $25,000. Ballast Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at approximately $26,000. Ascentis Independent Advisors purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter valued at approximately $29,000. Realta Investment Advisors lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 196.5% during the first quarter. Realta Investment Advisors now owns 513 shares of the company’s stock worth $30,000 after purchasing an additional 340 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% during the fourth quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock worth $31,000 after purchasing an additional 182 shares in the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

NYSEARCA SPMD traded down $0.47 during trading hours on Wednesday, hitting $62.76. The company had a trading volume of 1,412,301 shares, compared to its average volume of 3,253,153. The firm’s 50 day moving average is $61.24 and its 200 day moving average is $59.69. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $48.85 and a fifty-two week high of $64.91. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 4.41 and a beta of 1.04.

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.