SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sees Significant Drop in Short Interest

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 47,603 shares, a decrease of 35.2% from the September 30th total of 73,446 shares. Based on an average daily trading volume, of 106,740 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

SPDR S&P 400 Mid Cap Growth ETF stock opened at $102.87 on Monday. SPDR S&P 400 Mid Cap Growth ETF has a fifty-two week low of $87.09 and a fifty-two week high of $113.93. The firm has a 50 day moving average price of $105.86 and a 200 day moving average price of $104.51. The company has a market capitalization of $2.79 billion, a PE ratio of 22.35 and a beta of 1.06.

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

A number of large investors have recently modified their holdings of MDYG. Convergence Financial LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth approximately $22,484,000. Rodgers & Associates LTD acquired a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth about $19,162,000. Farther Finance Advisors LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at approximately $10,784,000. ERn Financial LLC acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth $9,651,000. Finally, Marathon Mission Inc. purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter valued at approximately $8,859,000.

About SPDR S&P 400 Mid Cap Growth ETF

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $850 million and $3.8 billion.