SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Update

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 37,283 shares, a growth of 70.9% from the August 31st total of 21,821 shares. Based on an average daily trading volume, of 154,596 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

SPDR S&P Dividend ETF Price Performance

Shares of NYSEARCA:SDY traded down $0.03 during trading on Wednesday, hitting $147.67. 17,116 shares of the company were exchanged, compared to its average volume of 236,928. The company has a market cap of $20.54 billion, a PE ratio of 19.85 and a beta of 0.69. The stock has a 50 day moving average of $155.13 and a 200 day moving average of $151.43. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week high of $160.29.

Institutional Trading of SPDR S&P Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Koenig Investment Advisory LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $6,836,000. J.Safra Asset Management Corp raised its position in shares of SPDR S&P Dividend ETF by 3.4% in the fourth quarter. J.Safra Asset Management Corp now owns 353,863 shares of the company’s stock worth $49,244,000 after buying an additional 11,503 shares in the last quarter. PFG Investments LLC raised its position in shares of SPDR S&P Dividend ETF by 15.1% in the first quarter. PFG Investments LLC now owns 24,762 shares of the company’s stock worth $3,614,000 after buying an additional 3,243 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in SPDR S&P Dividend ETF by 57.7% during the second quarter. Integrated Wealth Concepts LLC now owns 35,846 shares of the company’s stock valued at $5,455,000 after buying an additional 13,121 shares during the period. Finally, MLP3 LLC bought a new stake in SPDR S&P Dividend ETF during the fourth quarter valued at $1,551,000. 43.42% of the stock is currently owned by institutional investors.

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.