Short Interest in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Drops By 43.8%

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,065,220 shares, a decline of 43.8% from the July 30th total of 1,895,110 shares. Based on an average daily volume of 2,217,707 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPYV. Tucker Asset Management LLC lifted its position in SPDR Portfolio S&P 500 Value ETF by 23.3% during the second quarter. Tucker Asset Management LLC now owns 4,836 shares of the company’s stock worth $294,000 after acquiring an additional 913 shares during the last quarter. Kirkwood Financial Services acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the second quarter valued at approximately $736,000. Financial Insights Inc. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.4% during the second quarter. Financial Insights Inc. now owns 18,245 shares of the company’s stock worth $1,109,000 after purchasing an additional 427 shares during the period. Ameritas Advisory Services LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 38.9% during the second quarter. Ameritas Advisory Services LLC now owns 72,527 shares of the company’s stock worth $4,409,000 after purchasing an additional 20,308 shares during the period. Finally, HB Wealth Management LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 388.8% during the second quarter. HB Wealth Management LLC now owns 23,009 shares of the company’s stock worth $1,399,000 after purchasing an additional 18,302 shares during the period.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.1%

Shares of SPYV traded up $0.07 during trading hours on Friday, hitting $63.55. The company had a trading volume of 1,402,720 shares, compared to its average volume of 3,002,946. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. The business has a fifty day moving average of $62.27 and a 200-day moving average of $60.16. SPDR Portfolio S&P 500 Value ETF has a 12 month low of $53.94 and a 12 month high of $64.26.

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.