Short Interest in SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Increases By 58.6%

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,262,455 shares, a growth of 58.6% from the January 15th total of 2,057,107 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 3,365,229 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 3,365,229 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.2% of the company’s stock are short sold.

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

A number of institutional investors have recently made changes to their positions in SPMD. ORG Partners LLC purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF during the third quarter valued at $25,000. Ballast Advisors LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF in the third quarter worth approximately $26,000. Crewe Advisors LLC grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 51.7% in the 4th quarter. Crewe Advisors LLC now owns 534 shares of the company’s stock worth $31,000 after purchasing an additional 182 shares during the period. Stone House Investment Management LLC grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 58.3% in the 4th quarter. Stone House Investment Management LLC now owns 535 shares of the company’s stock worth $31,000 after purchasing an additional 197 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

NYSEARCA SPMD traded up $0.59 during trading hours on Friday, reaching $62.50. 3,027,145 shares of the company’s stock traded hands, compared to its average volume of 3,305,382. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $43.99 and a 52-week high of $63.65. The firm has a 50-day simple moving average of $60.20 and a 200 day simple moving average of $57.99. The firm has a market cap of $16.40 billion, a PE ratio of 4.39 and a beta of 1.07.

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.