SPDR S&P Dividend ETF (NYSEARCA:SDY) Sees Large Growth in Short Interest

SPDR S&P Dividend ETF (NYSEARCA:SDY) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 106,179 shares, an increase of 113.1% from the September 30th total of 49,830 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 219,342 shares, the days-to-cover ratio is currently 0.5 days.

SPDR S&P Dividend ETF Trading Up 0.3%

SPDR S&P Dividend ETF stock traded up $0.53 during midday trading on Friday, hitting $160.72. The stock had a trading volume of 207,901 shares, compared to its average volume of 235,246. SPDR S&P Dividend ETF has a 52-week low of $135.30 and a 52-week high of $162.31. The company has a market capitalization of $22.26 billion, a PE ratio of 19.85 and a beta of 0.69. The firm’s fifty day moving average is $153.44 and its two-hundred day moving average is $151.60.

Institutional Trading of SPDR S&P Dividend ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the 1st quarter. Bank of America Corp DE now owns 7,319,410 shares of the company’s stock valued at $1,068,195,000 after acquiring an additional 36,785 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,111,642 shares of the company’s stock worth $169,170,000 after purchasing an additional 8,231 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of SPDR S&P Dividend ETF by 0.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 577,947 shares of the company’s stock worth $87,952,000 after purchasing an additional 5,348 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of SPDR S&P Dividend ETF by 0.4% in the 2nd quarter. HighTower Advisors LLC now owns 481,025 shares of the company’s stock valued at $73,202,000 after buying an additional 1,899 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its stake in SPDR S&P Dividend ETF by 2.6% in the second quarter. J.Safra Asset Management Corp now owns 378,030 shares of the company’s stock valued at $57,529,000 after acquiring an additional 9,529 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors.

SPDR S&P Dividend ETF Company Profile

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.