Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Expands By 108.6%

by · The Markets Daily

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 40,157 shares, a growth of 108.6% from the May 31st total of 19,249 shares. Based on an average trading volume of 54,963 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are sold short.

SPDR S&P 400 Mid Cap Value ETF Price Performance

Shares of MDYV stock traded up $0.10 on Tuesday, hitting $94.70. 19,418 shares of the stock traded hands, compared to its average volume of 80,179. The company’s fifty day moving average is $91.65 and its 200 day moving average is $89.12. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $78.19 and a 1-year high of $95.34. The company has a market capitalization of $2.68 billion, a PE ratio of 15.85 and a beta of 0.96.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. LPL Financial LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 1.2% in the 4th quarter. LPL Financial LLC now owns 1,053,654 shares of the company’s stock valued at $89,192,000 after buying an additional 12,720 shares during the period. Avantax Planning Partners Inc. grew its position in shares of SPDR S&P 400 Mid Cap Value ETF by 2.8% during the 1st quarter. Avantax Planning Partners Inc. now owns 918,268 shares of the company’s stock valued at $78,191,000 after buying an additional 24,826 shares during the last quarter. AE Wealth Management LLC raised its stake in SPDR S&P 400 Mid Cap Value ETF by 29.8% during the fourth quarter. AE Wealth Management LLC now owns 858,798 shares of the company’s stock worth $72,697,000 after acquiring an additional 197,095 shares during the period. Lutz Financial Services LLC raised its stake in SPDR S&P 400 Mid Cap Value ETF by 2.9% during the first quarter. Lutz Financial Services LLC now owns 805,859 shares of the company’s stock worth $68,619,000 after acquiring an additional 22,421 shares during the period. Finally, FAS Wealth Partners Inc. lifted its holdings in SPDR S&P 400 Mid Cap Value ETF by 2.4% in the first quarter. FAS Wealth Partners Inc. now owns 625,208 shares of the company’s stock worth $53,236,000 after acquiring an additional 14,368 shares during the last quarter.

About SPDR S&P 400 Mid Cap Value ETF

(Get Free Report)

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.

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