Short Interest in SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Expands By 272.8%

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 140,964 shares, an increase of 272.8% from the May 31st total of 37,814 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 76,282 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Growth ETF

A number of institutional investors have recently added to or reduced their stakes in MDYG. FAS Wealth Partners Inc. boosted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 2.1% during the 1st quarter. FAS Wealth Partners Inc. now owns 507,678 shares of the company’s stock valued at $48,717,000 after acquiring an additional 10,447 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 54.7% during the first quarter. Glenmede Trust Co. NA now owns 2,899 shares of the company’s stock worth $278,000 after purchasing an additional 1,025 shares in the last quarter. Royal Bank of Canada increased its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 100.6% in the first quarter. Royal Bank of Canada now owns 141,086 shares of the company’s stock worth $13,539,000 after purchasing an additional 70,755 shares during the last quarter. Gibbs Wealth Management increased its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 160.3% in the first quarter. Gibbs Wealth Management now owns 7,527 shares of the company’s stock worth $722,000 after purchasing an additional 4,635 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 24.5% in the first quarter. Cetera Investment Advisers now owns 141,139 shares of the company’s stock valued at $13,544,000 after purchasing an additional 27,760 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Stock Down 0.6%

Shares of MDYG stock traded down $0.68 on Friday, reaching $110.01. The company’s stock had a trading volume of 163,147 shares, compared to its average volume of 92,190. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $86.20 and a 12-month high of $111.74. The company has a market capitalization of $2.85 billion, a P/E ratio of 22.35 and a beta of 1.06. The stock’s 50 day simple moving average is $107.18 and its 200-day simple moving average is $100.77.

SPDR S&P 400 Mid Cap Growth ETF Company Profile

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum. 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 Capital Market with market capitalizations between $850 million and $3.8 billion.