SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Up 100.2% in May

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,087,846 shares, a growth of 100.2% from the April 30th total of 1,042,886 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 1,660,823 shares, the days-to-cover ratio is currently 1.3 days.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Up 0.9%

SPMD stock traded up $0.60 during mid-day trading on Tuesday, reaching $65.95. The company’s stock had a trading volume of 1,178,450 shares, compared to its average volume of 2,900,449. The stock has a market cap of $17.59 billion, a PE ratio of 4.63 and a beta of 1.02. The company’s 50 day moving average is $62.62 and its two-hundred day moving average is $60.83. SPDR Portfolio S&P 400 Mid Cap ETF has a fifty-two week low of $52.45 and a fifty-two week high of $65.95.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SPMD. JPMorgan Chase & Co. raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 16.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 142,911 shares of the company’s stock valued at $7,772,000 after buying an additional 20,429 shares during the period. XTX Topco Ltd acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the 2nd quarter worth about $206,000. Russell Investments Group Ltd. raised its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,617 shares of the company’s stock valued at $142,000 after buying an additional 1,466 shares during the period. Brown Advisory Inc. acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at about $228,000. Finally, Jump Financial LLC acquired a new position in SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at about $2,915,000. 61.70% of the stock is owned by institutional investors and hedge funds.

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.