SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sees Significant Decrease in Short Interest

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 67,061 shares, a decline of 52.4% from the June 15th total of 140,964 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 93,289 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC boosted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 26.1% during the 4th quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock worth $100,223,000 after acquiring an additional 224,654 shares during the last quarter. Morgan Stanley increased its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 13.8% in the 4th quarter. Morgan Stanley now owns 767,912 shares of the company’s stock worth $70,978,000 after purchasing an additional 92,943 shares in the last quarter. FAS Wealth Partners Inc. raised its holdings in SPDR S&P 400 Mid Cap Growth ETF by 2.1% in the 1st quarter. FAS Wealth Partners Inc. now owns 507,678 shares of the company’s stock worth $48,717,000 after purchasing an additional 10,447 shares during the period. Raymond James Financial Inc. raised its holdings in SPDR S&P 400 Mid Cap Growth ETF by 7.3% in the 3rd quarter. Raymond James Financial Inc. now owns 425,874 shares of the company’s stock worth $38,993,000 after purchasing an additional 28,794 shares during the period. Finally, Private Advisor Group LLC lifted its position in SPDR S&P 400 Mid Cap Growth ETF by 40.6% during the first quarter. Private Advisor Group LLC now owns 425,586 shares of the company’s stock valued at $40,839,000 after purchasing an additional 122,989 shares in the last quarter.

SPDR S&P 400 Mid Cap Growth ETF Stock Down 1.0%

Shares of NYSEARCA:MDYG opened at $107.74 on Tuesday. The firm’s 50 day moving average price is $108.45 and its 200-day moving average price is $102.07. SPDR S&P 400 Mid Cap Growth ETF has a twelve month low of $86.23 and a twelve month high of $112.17. The stock has a market capitalization of $2.81 billion, a PE ratio of 22.35 and a beta of 1.05.

About SPDR S&P 400 Mid Cap Growth ETF

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $850 million and $3.8 billion.