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 target of a large growth in short interest in 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 company’s shares are short sold. Based on an average daily volume of 1,660,823 shares, the short-interest ratio is currently 1.3 days.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

SPDR Portfolio S&P 400 Mid Cap ETF stock traded down $0.06 during trading hours on Monday, reaching $65.35. The company had a trading volume of 1,765,316 shares, compared to its average volume of 2,917,166. The company has a 50-day moving average price of $62.50 and a 200 day moving average price of $60.77. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 4.59 and a beta of 1.02. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $51.87 and a 12-month high of $65.85.

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

Hedge funds have recently made changes to their positions in the business. Ballast Advisors LLC purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at approximately $26,000. Ascentis Independent Advisors purchased a new position in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the first quarter valued at approximately $29,000. Realta Investment Advisors increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 196.5% during the first quarter. Realta Investment Advisors now owns 513 shares of the company’s stock valued at $30,000 after buying an additional 340 shares during the period. Crewe Advisors LLC increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% during the fourth quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock valued at $31,000 after buying an additional 182 shares during the period. Finally, Stone House Investment Management LLC increased its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% during the fourth quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock valued at $31,000 after buying an additional 197 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

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.