SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Down 53.1% in August

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 723,407 shares, a decline of 53.1% from the August 15th total of 1,542,159 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,288,340 shares, the short-interest ratio is currently 0.6 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Analysts LLC raised its position in SPDR Portfolio S&P 400 Mid Cap ETF by 10.1% during the second quarter. Capital Analysts LLC now owns 57,041 shares of the company’s stock valued at $3,854,000 after acquiring an additional 5,219 shares in the last quarter. NorthRock Partners LLC lifted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 7.1% during the second quarter. NorthRock Partners LLC now owns 3,946 shares of the company’s stock worth $267,000 after buying an additional 260 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 4.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 173,924 shares of the company’s stock valued at $11,750,000 after purchasing an additional 7,452 shares during the period. NewEdge Advisors LLC grew its position in SPDR Portfolio S&P 400 Mid Cap ETF by 1.1% during the second quarter. NewEdge Advisors LLC now owns 184,506 shares of the company’s stock worth $12,465,000 after buying an additional 1,926 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 10.8% during the 2nd quarter. IFP Advisors Inc now owns 53,255 shares of the company’s stock worth $3,598,000 after purchasing an additional 5,176 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

SPDR Portfolio S&P 400 Mid Cap ETF stock traded down $0.38 during mid-day trading on Wednesday, hitting $64.00. The company’s stock had a trading volume of 1,583,541 shares, compared to its average volume of 2,314,516. The firm’s 50 day moving average is $66.59 and its 200 day moving average is $64.47. The company has a market cap of $17.95 billion, a PE ratio of 4.49 and a beta of 1.01. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $54.53 and a 52-week high of $68.97.

About SPDR Portfolio S&P 400 Mid Cap ETF

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.