SPDR S&P Dividend ETF (NYSEARCA:SDY) Stock Short Interest Rises 70.9%

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 37,283 shares, a growth of 70.9% from the August 31st total of 21,821 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 154,596 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SDY. Greenwich Wealth Management LLC lifted its stake in shares of SPDR S&P Dividend ETF by 13.5% in the 2nd quarter. Greenwich Wealth Management LLC now owns 3,151 shares of the company’s stock worth $480,000 after acquiring an additional 375 shares during the period. QRG Capital Management Inc. increased its position in shares of SPDR S&P Dividend ETF by 8.3% during the 2nd quarter. QRG Capital Management Inc. now owns 2,646 shares of the company’s stock worth $403,000 after purchasing an additional 202 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in SPDR S&P Dividend ETF by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,111,642 shares of the company’s stock worth $169,170,000 after purchasing an additional 8,231 shares during the last quarter. Reynders McVeigh Capital Management LLC raised its position in shares of SPDR S&P Dividend ETF by 24.8% during the second quarter. Reynders McVeigh Capital Management LLC now owns 2,529 shares of the company’s stock worth $385,000 after purchasing an additional 503 shares during the period. Finally, Bienville Capital Management LLC acquired a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter worth about $251,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock traded up $1.01 on Thursday, reaching $147.49. The company had a trading volume of 244,189 shares, compared to its average volume of 238,436. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week high of $160.29. The firm has a market cap of $20.52 billion, a PE ratio of 19.85 and a beta of 0.69. The firm’s 50 day moving average price is $154.97 and its two-hundred day moving average price is $151.42.

SPDR S&P Dividend ETF Company Profile

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.