SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Update

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 723,407 shares, a decline of 53.1% from the August 15th total of 1,542,159 shares. Based on an average daily trading volume, of 1,288,340 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPMD. Capital Analysts LLC raised its stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 10.1% in the 2nd quarter. Capital Analysts LLC now owns 57,041 shares of the company’s stock valued at $3,854,000 after acquiring an additional 5,219 shares during the period. NorthRock Partners LLC boosted its position in SPDR Portfolio S&P 400 Mid Cap ETF by 7.1% during the 2nd quarter. NorthRock Partners LLC now owns 3,946 shares of the company’s stock worth $267,000 after purchasing an additional 260 shares during the period. Integrated Wealth Concepts LLC increased its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 4.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 173,924 shares of the company’s stock valued at $11,750,000 after purchasing an additional 7,452 shares in the last quarter. NewEdge Advisors LLC raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 1.1% in the second quarter. NewEdge Advisors LLC now owns 184,506 shares of the company’s stock valued at $12,465,000 after purchasing an additional 1,926 shares during the period. Finally, IFP Advisors Inc raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 10.8% in the second quarter. IFP Advisors Inc now owns 53,255 shares of the company’s stock valued at $3,598,000 after purchasing an additional 5,176 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

SPDR Portfolio S&P 400 Mid Cap ETF stock traded down $0.26 during midday trading on Tuesday, reaching $64.38. The stock had a trading volume of 1,153,233 shares, compared to its average volume of 2,317,980. The stock’s 50-day simple moving average is $66.63 and its 200 day simple moving average is $64.46. SPDR Portfolio S&P 400 Mid Cap ETF has a twelve month low of $54.53 and a twelve month high of $68.97. The stock has a market capitalization of $17.81 billion, a PE ratio of 4.52 and a beta of 1.01.

SPDR Portfolio S&P 400 Mid Cap ETF Company Profile

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.