SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sees Large Increase in Short Interest

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 2,492,083 shares, an increase of 18.8% from the March 31st total of 2,098,285 shares. Based on an average daily volume of 1,224,936 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.6% of the company’s stock are sold short.

Institutional Trading of SPDR Portfolio S&P 500 High Dividend ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Modus Advisors LLC acquired a new position in SPDR Portfolio S&P 500 High Dividend ETF during the fourth quarter valued at approximately $28,000. Optiver Holding B.V. acquired a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the 3rd quarter valued at about $31,000. Sound Income Strategies LLC raised its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 277.8% in the 4th quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock worth $37,000 after buying an additional 600 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the 4th quarter valued at $43,000. Finally, Vermillion Wealth Management Inc. increased its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 252.9% during the third quarter. Vermillion Wealth Management Inc. now owns 1,080 shares of the company’s stock worth $48,000 after buying an additional 774 shares in the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Stock Down 0.4%

Shares of SPYD traded down $0.19 during mid-day trading on Friday, hitting $46.86. 1,427,599 shares of the company’s stock were exchanged, compared to its average volume of 1,818,669. The firm has a fifty day moving average of $46.21 and a two-hundred day moving average of $44.86. SPDR Portfolio S&P 500 High Dividend ETF has a twelve month low of $41.44 and a twelve month high of $48.53. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 15.73 and a beta of 0.72.

About SPDR Portfolio S&P 500 High Dividend ETF

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.