SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Update

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 21,821 shares, a drop of 61.7% from the August 15th total of 56,914 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 203,765 shares, the days-to-cover ratio is currently 0.1 days.

SPDR S&P Dividend ETF Stock Performance

SDY stock traded up $0.93 on Monday, hitting $153.93. 179,014 shares of the company’s stock were exchanged, compared to its average volume of 240,788. The firm has a 50 day moving average price of $156.07 and a two-hundred day moving average price of $151.70. SPDR S&P Dividend ETF has a 12-month low of $135.30 and a 12-month high of $160.29. The stock has a market cap of $23.31 billion, a P/E ratio of 19.85 and a beta of 0.69.

Hedge Funds Weigh In On SPDR S&P Dividend ETF

Several hedge funds have recently modified their holdings of SDY. Park National Corp OH acquired a new stake in SPDR S&P Dividend ETF in the 1st quarter worth approximately $28,000. Markowski Investments acquired a new position in SPDR S&P Dividend ETF during the 2nd quarter valued at approximately $28,000. Continuum Advisory LLC purchased a new position in shares of SPDR S&P Dividend ETF in the second quarter worth $29,000. MBM Wealth Consultants LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the first quarter worth $34,000. Finally, Core Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the fourth quarter worth $35,000. Institutional investors and hedge funds own 43.42% of the company’s stock.

About SPDR S&P Dividend ETF

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.