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

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,382,281 shares, a decrease of 56.9% from the April 30th total of 3,206,555 shares. Based on an average trading volume of 2,241,453 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

SPDR Portfolio S&P 500 Value ETF Price Performance

Shares of SPDR Portfolio S&P 500 Value ETF stock traded down $0.12 during trading on Friday, reaching $61.05. 2,902,203 shares of the stock traded hands, compared to its average volume of 3,540,065. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $50.27 and a 52-week high of $61.33. The business has a fifty day simple moving average of $58.74 and a two-hundred day simple moving average of $58.02. The company has a market capitalization of $34.31 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in SPDR Portfolio S&P 500 Value ETF by 120.2% in the fourth quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after buying an additional 10,778,683 shares during the last quarter. Allworth Financial LP raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 16.1% during the third quarter. Allworth Financial LP now owns 19,313,081 shares of the company’s stock valued at $1,068,593,000 after acquiring an additional 2,682,951 shares in the last quarter. Valpey Financial Services LLC grew its stake in SPDR Portfolio S&P 500 Value ETF by 5,865.0% in the fourth quarter. Valpey Financial Services LLC now owns 2,133,308 shares of the company’s stock worth $121,193,000 after purchasing an additional 2,097,544 shares in the last quarter. Royal Bank of Canada increased its holdings in SPDR Portfolio S&P 500 Value ETF by 38.5% during the 4th quarter. Royal Bank of Canada now owns 6,004,456 shares of the company’s stock worth $341,112,000 after purchasing an additional 1,670,152 shares during the period. Finally, Wellington Management Group LLP bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at $68,850,000.

About SPDR Portfolio S&P 500 Value ETF

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.