SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Sees Significant Drop in Short Interest

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,104,391 shares, a decrease of 34.8% from the June 15th total of 1,693,482 shares. Based on an average trading volume of 944,747 shares, the short-interest ratio is presently 1.2 days. Approximately 2.8% of the company’s stock are sold short.

Hedge Funds Weigh In On SPDR S&P MidCap 400 ETF Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 177.8% during the 4th quarter. Sound Income Strategies LLC now owns 50 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 32 shares in the last quarter. High Point Wealth Management LLC bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth about $34,000. EFG International AG bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth about $40,000. Ascentis Independent Advisors bought a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 1st quarter worth about $41,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in SPDR S&P MidCap 400 ETF Trust by 255.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 71 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 51 shares during the period.

SPDR S&P MidCap 400 ETF Trust Stock Down 0.6%

MDY opened at $688.75 on Friday. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $559.89 and a 52 week high of $704.45. The stock has a market cap of $26.88 billion, a PE ratio of 18.98 and a beta of 1.00. The business has a 50 day moving average of $683.37 and a 200-day moving average of $654.04.

SPDR S&P MidCap 400 ETF Trust Company Profile

SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.