SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY – Get Free Report) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 1,104,391 shares, a decline of 34.8% from the June 15th total of 1,693,482 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 944,747 shares, the short-interest ratio is currently 1.2 days.
SPDR S&P MidCap 400 ETF Trust Trading Up 0.5%
Shares of SPDR S&P MidCap 400 ETF Trust stock opened at $692.99 on Friday. The stock has a 50 day moving average of $683.10 and a 200 day moving average of $653.80. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $559.89 and a 12 month high of $704.45. The firm has a market cap of $27.35 billion, a PE ratio of 18.98 and a beta of 1.00.
Institutional Trading of SPDR S&P MidCap 400 ETF Trust
Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock valued at $810,385,000 after purchasing an additional 87,207 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in SPDR S&P MidCap 400 ETF Trust by 5.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after purchasing an additional 41,757 shares in the last quarter. Moore Capital Management LP raised its stake in SPDR S&P MidCap 400 ETF Trust by 73.2% during the second quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock valued at $358,993,000 after purchasing an additional 267,800 shares in the last quarter. Raymond James Financial Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 5.4% during the fourth quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock valued at $336,626,000 after purchasing an additional 28,459 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in SPDR S&P MidCap 400 ETF Trust by 2.2% during the fourth quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock valued at $309,959,000 after purchasing an additional 11,060 shares during the last quarter.
About SPDR S&P MidCap 400 ETF Trust
SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.
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