SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sees Significant Decline in Short Interest

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 838,294 shares, a decrease of 51.5% from the June 15th total of 1,726,704 shares. Based on an average daily volume of 1,217,243 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPYD. Baird Financial Group Inc. increased its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 8.0% during the 2nd quarter. Baird Financial Group Inc. now owns 49,563 shares of the company’s stock valued at $2,103,000 after purchasing an additional 3,655 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 23.6% in the 2nd quarter. Brown Advisory Inc. now owns 10,955 shares of the company’s stock worth $465,000 after acquiring an additional 2,090 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 3.0% in the 2nd quarter. NewEdge Advisors LLC now owns 100,812 shares of the company’s stock valued at $4,278,000 after purchasing an additional 2,902 shares in the last quarter. Main Street Financial Solutions LLC grew its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 2.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 20,996 shares of the company’s stock valued at $891,000 after purchasing an additional 546 shares during the last quarter. Finally, HUB Investment Partners LLC grew its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 11.7% during the 2nd quarter. HUB Investment Partners LLC now owns 5,622 shares of the company’s stock valued at $239,000 after purchasing an additional 588 shares during the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

NYSEARCA SPYD traded up $0.11 during trading on Wednesday, hitting $48.62. 639,250 shares of the company’s stock traded hands, compared to its average volume of 1,587,587. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 15.73 and a beta of 0.71. SPDR Portfolio S&P 500 High Dividend ETF has a 12-month low of $41.87 and a 12-month high of $49.21. The business has a 50 day moving average of $47.73 and a 200-day moving average of $46.52.

About SPDR Portfolio S&P 500 High Dividend ETF

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.