Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Increases By 64.4%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 82,316 shares, a growth of 64.4% from the June 30th total of 50,079 shares. Based on an average daily volume of 68,390 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Several institutional investors have recently modified their holdings of the company. US Bancorp DE lifted its position in SPDR S&P 400 Mid Cap Value ETF by 23.9% in the 3rd quarter. US Bancorp DE now owns 643 shares of the company’s stock valued at $54,000 after purchasing an additional 124 shares during the last quarter. Basecamp Wealth Advisors LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF in the 1st quarter worth about $55,000. Miller Capital Partners Inc. bought a new position in SPDR S&P 400 Mid Cap Value ETF in the 4th quarter worth about $65,000. CoreCap Advisors LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 39.4% in the fourth quarter. CoreCap Advisors LLC now owns 852 shares of the company’s stock valued at $72,000 after purchasing an additional 241 shares during the period. Finally, Tucker Asset Management LLC increased its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 160.6% in the fourth quarter. Tucker Asset Management LLC now owns 1,058 shares of the company’s stock valued at $90,000 after purchasing an additional 652 shares during the period.

SPDR S&P 400 Mid Cap Value ETF Trading Down 0.2%

MDYV traded down $0.21 during trading on Friday, reaching $95.00. 503,169 shares of the company were exchanged, compared to its average volume of 86,997. SPDR S&P 400 Mid Cap Value ETF has a 52 week low of $78.19 and a 52 week high of $96.25. The firm has a 50 day moving average of $93.64 and a 200 day moving average of $90.49. The stock has a market cap of $2.77 billion, a P/E ratio of 15.85 and a beta of 0.96.

SPDR S&P 400 Mid Cap Value ETF Company Profile

SPDR S&P 400 Mid Cap Value ETF seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Value Index. The S&P MidCap 400 Value Index measures the performance of the mid-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 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 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 CapitalMarket with market capitalizations between $850 million and $3.8 billion.