SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Down 23.6% in March

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 943,118 shares, a decrease of 23.6% from the March 15th total of 1,234,765 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 4,431,821 shares, the days-to-cover ratio is presently 0.2 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter worth about $25,000. Ballast Advisors LLC acquired a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 3rd quarter valued at approximately $26,000. Crewe Advisors LLC increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% during the 4th quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock worth $31,000 after purchasing an additional 182 shares during the last quarter. Stone House Investment Management LLC raised its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% in the 4th quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock valued at $31,000 after purchasing an additional 197 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 4th quarter valued at approximately $31,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Up 0.5%

SPMD opened at $62.76 on Wednesday. The firm’s 50 day moving average is $61.00 and its 200-day moving average is $59.24. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $46.53 and a 52-week high of $63.67. The firm has a market capitalization of $16.59 billion, a P/E ratio of 4.41 and a beta of 1.04.

About SPDR Portfolio S&P 400 Mid Cap ETF

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.