Short Interest in SPDR S&P Dividend ETF (NYSEARCA:SDY) Grows By 163.1%

SPDR S&P Dividend ETF (NYSEARCA:SDY) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 129,114 shares, an increase of 163.1% from the April 15th total of 49,065 shares. Based on an average daily volume of 203,899 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

SPDR S&P Dividend ETF Trading Down 0.9%

Shares of SDY opened at $146.11 on Friday. SPDR S&P Dividend ETF has a 12 month low of $131.96 and a 12 month high of $156.39. The stock’s 50 day moving average is $147.60 and its two-hundred day moving average is $145.33. The firm has a market cap of $21.38 billion, a P/E ratio of 19.85 and a beta of 0.71.

Institutional Trading of SPDR S&P Dividend ETF

Several institutional investors have recently bought and sold shares of the business. Godsey & Gibb Inc. grew its holdings in SPDR S&P Dividend ETF by 4.0% in the first quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock valued at $268,000 after purchasing an additional 70 shares during the period. Ritholtz Wealth Management grew its holdings in SPDR S&P Dividend ETF by 1.3% in the first quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock valued at $808,000 after purchasing an additional 71 shares during the period. Golden State Wealth Management LLC grew its holdings in SPDR S&P Dividend ETF by 0.8% in the fourth quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock valued at $1,199,000 after purchasing an additional 71 shares during the period. CVA Family Office LLC grew its holdings in SPDR S&P Dividend ETF by 60.0% in the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Finally, Keel Point LLC grew its holdings in SPDR S&P Dividend ETF by 2.2% in the third quarter. Keel Point LLC now owns 3,499 shares of the company’s stock valued at $490,000 after purchasing an additional 76 shares during the period. 43.42% of the stock is owned by institutional investors and hedge funds.

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.