SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Short Interest Up 29.4% in April

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 1,681,128 shares, an increase of 29.4% from the March 31st total of 1,299,624 shares. Based on an average daily trading volume, of 2,739,794 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

SPDR Portfolio S&P 500 Value ETF Price Performance

SPYV traded up $0.17 during trading on Wednesday, reaching $59.15. The company had a trading volume of 1,578,932 shares, compared to its average volume of 3,729,373. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $48.27 and a 12 month high of $59.75. The business’s fifty day moving average price is $57.88 and its 200 day moving average price is $57.34. The company has a market cap of $33.22 billion, a P/E ratio of 20.50 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Key Capital Management INC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth $25,000. Highline Wealth Partners LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 229.2% in the fourth quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock worth $26,000 after purchasing an additional 314 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth $26,000. Meramec Financial Planners LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the first quarter worth $28,000. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter worth $27,000.

SPDR Portfolio S&P 500 Value ETF Company Profile

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio. The selection universe for the S&P 500 Index includes all 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 of $3.5 billion or more.