SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Up 87.9% in August

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 56,914 shares, a growth of 87.9% from the July 30th total of 30,287 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 210,569 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted its holdings in SPDR S&P Dividend ETF by 121.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 17,611 shares of the company’s stock valued at $2,458,000 after purchasing an additional 9,657 shares in the last quarter. Churchill Financial Advisors LLC bought a new stake in SPDR S&P Dividend ETF during the 4th quarter worth approximately $1,451,000. Koenig Investment Advisory LLC bought a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $6,836,000. J.Safra Asset Management Corp increased its position in SPDR S&P Dividend ETF by 3.4% in the 4th quarter. J.Safra Asset Management Corp now owns 353,863 shares of the company’s stock valued at $49,244,000 after acquiring an additional 11,503 shares in the last quarter. Finally, MGO One Seven LLC increased its holdings in shares of SPDR S&P Dividend ETF by 36.1% in the fourth quarter. MGO One Seven LLC now owns 30,718 shares of the company’s stock valued at $4,275,000 after purchasing an additional 8,155 shares in the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SDY stock traded down $0.01 during mid-day trading on Friday, reaching $157.50. The company’s stock had a trading volume of 168,738 shares, compared to its average volume of 245,840. The firm’s 50-day moving average is $155.57 and its two-hundred day moving average is $151.68. The company has a market cap of $23.85 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 1-year low of $135.30 and a 1-year high of $160.29.

About SPDR S&P Dividend ETF

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.