SPDR S&P Dividend ETF (NYSEARCA:SDY) Shares Shorted: Short Interest Up 113.1% in October

SPDR S&P Dividend ETF (NYSEARCA:SDY) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 106,179 shares, a growth of 113.1% from the September 30th total of 49,830 shares. Based on an average trading volume of 219,342 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

SPDR S&P Dividend ETF Trading Up 0.3%

NYSEARCA SDY traded up $0.53 during trading hours on Friday, hitting $160.72. The company’s stock had a trading volume of 207,901 shares, compared to its average volume of 235,246. The company has a market capitalization of $22.28 billion, a PE ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $162.31. The company’s 50-day simple moving average is $153.44 and its two-hundred day simple moving average is $151.60.

Institutional Trading of SPDR S&P Dividend ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Provenance Wealth Advisors LLC bought a new stake in SPDR S&P Dividend ETF in the third quarter worth about $157,000. Associated Banc Corp bought a new position in SPDR S&P Dividend ETF during the third quarter valued at $15,501,000. Integrity Alliance LLC. increased its position in SPDR S&P Dividend ETF by 11.7% in the third quarter. Integrity Alliance LLC. now owns 11,756 shares of the company’s stock worth $1,722,000 after buying an additional 1,227 shares during the last quarter. Gallacher Capital Management LLC purchased a new stake in SPDR S&P Dividend ETF in the third quarter worth $469,000. Finally, Welch Group LLC purchased a new stake in SPDR S&P Dividend ETF in the third quarter worth $441,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

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.