SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sees Significant Drop in Short Interest

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,093,181 shares, a decrease of 90.5% from the December 31st total of 11,558,338 shares. Based on an average daily volume of 4,344,788 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 4,344,788 shares, the days-to-cover ratio is currently 0.3 days.

SPDR Portfolio S&P 500 Value ETF Stock Performance

SPYV stock traded down $0.11 during trading on Wednesday, reaching $57.93. 4,544,817 shares of the company were exchanged, compared to its average volume of 4,172,568. The stock’s 50 day moving average price is $57.15 and its 200 day moving average price is $55.53. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $44.39 and a 52-week high of $58.50. The company has a market cap of $32.18 billion, a P/E ratio of 20.50 and a beta of 0.89.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 Value ETF

Several hedge funds have recently bought and sold shares of SPYV. Key Capital Management INC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the second quarter valued at about $26,000. Highline Wealth Partners LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 229.2% during the 4th quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock worth $26,000 after purchasing an additional 314 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth approximately $26,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at $27,000.

About SPDR Portfolio S&P 500 Value ETF

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 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 500 Index includes all 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 Capital Market with market capitalizations of $3.5 billion or more.