SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Down 19.6% in February

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,338,947 shares, a decline of 19.6% from the February 12th total of 2,908,647 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 2,417,136 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 2,417,136 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Auto Owners Insurance Co lifted its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% during the fourth quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock worth $4,461,016,000 after purchasing an additional 75,993,600 shares in the last quarter. Morgan Stanley increased its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% during the 4th quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock worth $568,923,000 after buying an additional 6,634,293 shares during the period. Creative Planning lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the 3rd quarter. Creative Planning now owns 87,966,062 shares of the company’s stock worth $5,030,779,000 after buying an additional 4,903,905 shares in the last quarter. Valpey Financial Services LLC lifted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 6,201.3% during the 4th quarter. Valpey Financial Services LLC now owns 814,448 shares of the company’s stock worth $47,165,000 after buying an additional 801,523 shares in the last quarter. Finally, Greenleaf Trust boosted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 1,293.1% in the 4th quarter. Greenleaf Trust now owns 801,325 shares of the company’s stock valued at $46,405,000 after buying an additional 743,806 shares during the period. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of SPMD traded down $0.07 during midday trading on Friday, hitting $58.70. 4,514,183 shares of the stock were exchanged, compared to its average volume of 3,429,073. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $43.99 and a 52-week high of $63.67. The stock has a fifty day simple moving average of $61.44 and a 200 day simple moving average of $58.86. The firm has a market cap of $15.40 billion, a P/E ratio of 4.12 and a beta of 1.07.

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.