SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Sees Significant Drop in Short Interest

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 32,817 shares, a decrease of 61.8% from the July 30th total of 85,867 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 75,148 shares, the days-to-cover ratio is currently 0.4 days.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of NYSEARCA MDYV traded down $0.52 during mid-day trading on Friday, reaching $94.69. The company had a trading volume of 108,372 shares, compared to its average volume of 84,670. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 15.85 and a beta of 0.96. The business’s 50-day simple moving average is $95.10 and its 200 day simple moving average is $91.45. SPDR S&P 400 Mid Cap Value ETF has a one year low of $79.64 and a one year high of $97.58.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF

Several hedge funds have recently bought and sold shares of MDYV. US Bancorp DE lifted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 23.9% during the 3rd quarter. US Bancorp DE now owns 643 shares of the company’s stock worth $54,000 after acquiring an additional 124 shares during the period. Basecamp Wealth Advisors LLC bought a new position in SPDR S&P 400 Mid Cap Value ETF in the first quarter valued at approximately $55,000. Miller Capital Partners Inc. acquired a new position in SPDR S&P 400 Mid Cap Value ETF during the fourth quarter valued at approximately $65,000. Tucker Asset Management LLC raised its position in SPDR S&P 400 Mid Cap Value ETF by 160.6% during the fourth quarter. Tucker Asset Management LLC now owns 1,058 shares of the company’s stock valued at $90,000 after purchasing an additional 652 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 47.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,120 shares of the company’s stock worth $95,000 after purchasing an additional 359 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Company Profile

SPDR S&P 400 Mid Cap Value ETF seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Value Index. The S&P MidCap 400 Value Index measures the performance of the mid-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio. 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 CapitalMarket with market capitalizations between $850 million and $3.8 billion.