SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Short Interest Update

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 106,448 shares, an increase of 60.0% from the August 31st total of 66,518 shares. Based on an average daily volume of 87,082 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On SPDR S&P 400 Mid Cap Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MDYG. KERR FINANCIAL PLANNING Corp boosted its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 50.0% during the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock valued at $34,000 after purchasing an additional 114 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 28.2% in the 2nd quarter. JFS Wealth Advisors LLC now owns 518 shares of the company’s stock worth $58,000 after purchasing an additional 114 shares in the last quarter. Financial Life Planners bought a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the 1st quarter worth approximately $62,000. Turtle Creek Wealth Advisors LLC acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF during the first quarter valued at approximately $73,000. Finally, Community Financial Services Group LLC acquired a new stake in SPDR S&P 400 Mid Cap Growth ETF during the second quarter valued at approximately $84,000.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

Shares of MDYG traded up $0.96 during midday trading on Friday, reaching $106.72. The stock had a trading volume of 58,501 shares, compared to its average volume of 89,664. SPDR S&P 400 Mid Cap Growth ETF has a 52 week low of $87.09 and a 52 week high of $113.93. The firm’s 50 day moving average price is $108.10 and its 200-day moving average price is $106.19. The company has a market capitalization of $2.83 billion, a P/E ratio of 22.35 and a beta of 1.05.

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.