SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sees Large Growth in Short Interest

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,206,555 shares, an increase of 90.7% from the April 15th total of 1,681,128 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 2,631,599 shares, the days-to-cover ratio is currently 1.2 days.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.7%

Shares of SPYV stock traded down $0.43 on Friday, hitting $59.88. The company had a trading volume of 2,304,855 shares, compared to its average volume of 3,580,931. The firm has a market cap of $33.65 billion, a P/E ratio of 20.50 and a beta of 0.82. The company has a 50-day moving average price of $58.06 and a 200-day moving average price of $57.67. SPDR Portfolio S&P 500 Value ETF has a twelve month low of $49.68 and a twelve month high of $60.51.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 Value ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Key Capital Management INC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at about $25,000. Highline Wealth Partners LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 229.2% in the 4th quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock valued at $26,000 after purchasing an additional 314 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at about $26,000. Meramec Financial Planners LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at about $28,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $27,000.

SPDR Portfolio S&P 500 Value ETF Company Profile

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio. The selection universe for the S&P 500 Index includes all 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 of $3.5 billion or more.