Short Interest in SPDR S&P Dividend ETF (NYSEARCA:SDY) Decreases By 45.8%

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 30,287 shares, a drop of 45.8% from the July 15th total of 55,888 shares. Based on an average trading volume of 185,410 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

SPDR S&P Dividend ETF Price Performance

SDY traded down $1.57 during midday trading on Monday, reaching $156.96. 186,939 shares of the company’s stock were exchanged, compared to its average volume of 248,157. SPDR S&P Dividend ETF has a 1-year low of $135.30 and a 1-year high of $160.29. The stock has a market capitalization of $23.76 billion, a PE ratio of 19.85 and a beta of 0.69. The business’s 50-day moving average price is $154.32 and its 200 day moving average price is $151.18.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in SPDR S&P Dividend ETF by 0.5% during the first quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock worth $1,068,195,000 after buying an additional 36,785 shares in the last quarter. Morgan Stanley increased its position in SPDR S&P Dividend ETF by 2.0% during the 4th quarter. Morgan Stanley now owns 4,840,696 shares of the company’s stock worth $673,631,000 after purchasing an additional 95,878 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock worth $425,298,000 after buying an additional 119,562 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in shares of SPDR S&P Dividend ETF by 4.6% in the fourth quarter. Joel Isaacson & Co. LLC now owns 2,788,428 shares of the company’s stock valued at $388,038,000 after buying an additional 121,368 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of SPDR S&P Dividend ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,076,605 shares of the company’s stock valued at $288,980,000 after buying an additional 39,572 shares during the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.

About SPDR S&P Dividend ETF

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.