SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Significant Decline in Short Interest

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 17,589 shares, a decrease of 38.4% from the April 30th total of 28,576 shares. Based on an average trading volume of 68,952 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

SPDR S&P 400 Mid Cap Value ETF Trading Down 0.4%

NYSEARCA MDYV opened at $91.88 on Thursday. The firm’s fifty day moving average price is $89.24 and its two-hundred day moving average price is $87.84. SPDR S&P 400 Mid Cap Value ETF has a 1 year low of $76.73 and a 1 year high of $93.10. The firm has a market capitalization of $2.60 billion, a P/E ratio of 15.85 and a beta of 0.98.

Institutional Trading of SPDR S&P 400 Mid Cap Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitlin John LLC bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the third quarter worth $28,000. US Bancorp DE raised its position in SPDR S&P 400 Mid Cap Value ETF by 23.9% during the third quarter. US Bancorp DE now owns 643 shares of the company’s stock worth $54,000 after acquiring an additional 124 shares in the last quarter. Miller Capital Partners Inc. bought a new stake in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter worth $65,000. CoreCap Advisors LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 39.4% during the fourth quarter. CoreCap Advisors LLC now owns 852 shares of the company’s stock worth $72,000 after acquiring an additional 241 shares in the last quarter. Finally, Ameriflex Group Inc. raised its position in SPDR S&P 400 Mid Cap Value ETF by 5,337.5% during the third quarter. Ameriflex Group Inc. now owns 870 shares of the company’s stock worth $73,000 after acquiring an additional 854 shares in the last quarter.

About SPDR S&P 400 Mid Cap Value ETF

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.