SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Stock Short Interest Report for October

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 47,603 shares, a decrease of 35.2% from the September 30th total of 73,446 shares. Based on an average daily volume of 106,740 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

SPDR S&P 400 Mid Cap Growth ETF Trading Up 1.8%

SPDR S&P 400 Mid Cap Growth ETF stock traded up $1.82 during midday trading on Tuesday, hitting $105.12. 35,246 shares of the stock were exchanged, compared to its average volume of 91,636. SPDR S&P 400 Mid Cap Growth ETF has a fifty-two week low of $87.09 and a fifty-two week high of $113.93. The stock’s 50-day simple moving average is $105.72 and its 200 day simple moving average is $104.54. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 22.35 and a beta of 1.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF during the third quarter worth approximately $36,000. Destiny Capital Corp CO purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter valued at $1,823,000. International Assets Investment Management LLC purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at $236,000. Pine Haven Investment Counsel Inc acquired a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at $929,000. Finally, Kestra Advisory Services LLC acquired a new position in SPDR S&P 400 Mid Cap Growth ETF in the third quarter valued at $1,209,000.

About SPDR S&P 400 Mid Cap Growth ETF

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum. The selection universe for the S&P MidCap 400 Index includes all the 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 between $850 million and $3.8 billion.