SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Up 163.1% in April

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 129,114 shares, an increase of 163.1% from the April 15th total of 49,065 shares. Based on an average trading volume of 203,899 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On SPDR S&P Dividend ETF

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC grew its position in SPDR S&P Dividend ETF by 404.5% in the 4th quarter. Brighton Jones LLC now owns 18,495 shares of the company’s stock valued at $2,443,000 after purchasing an additional 14,829 shares during the period. AQR Capital Management LLC grew its position in shares of SPDR S&P Dividend ETF by 49.5% during the 1st quarter. AQR Capital Management LLC now owns 7,936 shares of the company’s stock valued at $1,077,000 after purchasing an additional 2,627 shares in the last quarter. First Trust Advisors LP raised its stake in SPDR S&P Dividend ETF by 30.4% in the second quarter. First Trust Advisors LP now owns 32,141 shares of the company’s stock valued at $4,362,000 after purchasing an additional 7,493 shares in the last quarter. NewEdge Advisors LLC lifted its stake in SPDR S&P Dividend ETF by 3.5% during the second quarter. NewEdge Advisors LLC now owns 65,223 shares of the company’s stock worth $8,853,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of SPDR S&P Dividend ETF by 4.0% during the second quarter. Raymond James Financial Inc. now owns 3,133,413 shares of the company’s stock valued at $425,298,000 after buying an additional 119,562 shares during the last quarter. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.6%

SPDR S&P Dividend ETF stock opened at $148.34 on Friday. The company’s 50-day moving average price is $147.76 and its two-hundred day moving average price is $145.33. SPDR S&P Dividend ETF has a twelve month low of $131.96 and a twelve month high of $156.39. The stock has a market cap of $21.71 billion, a P/E ratio of 19.85 and a beta of 0.71.

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.