SPDR S&P Dividend ETF (NYSEARCA:SDY) Sees Significant Decrease in Short Interest

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 41,308 shares, a decline of 55.3% from the May 14th total of 92,503 shares. Based on an average trading volume of 235,966 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of SPDR S&P Dividend ETF

A number of large investors have recently bought and sold shares of the business. Park National Corp OH acquired a new position in shares of SPDR S&P Dividend ETF in the first quarter valued at approximately $28,000. Delos Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the 3rd quarter valued at $29,000. Ankerstar Wealth LLC acquired a new position in SPDR S&P Dividend ETF in the 4th quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Dividend ETF in the 4th quarter worth $34,000. Finally, MBM Wealth Consultants LLC bought a new position in SPDR S&P Dividend ETF during the 1st quarter worth about $34,000. 43.42% of the stock is owned by institutional investors.

SPDR S&P Dividend ETF Price Performance

Shares of SPDR S&P Dividend ETF stock traded up $0.06 during trading hours on Monday, hitting $152.72. The company’s stock had a trading volume of 227,732 shares, compared to its average volume of 259,490. The company has a market capitalization of $22.35 billion, a PE ratio of 19.85 and a beta of 0.69. The stock has a 50 day moving average of $148.47 and a 200 day moving average of $147.08. SPDR S&P Dividend ETF has a 12 month low of $132.89 and a 12 month high of $156.39.

SPDR S&P Dividend ETF Company Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.