SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Short Interest Up 79.2% in March

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 2,098,285 shares, a growth of 79.2% from the March 15th total of 1,170,832 shares. Based on an average daily volume of 1,985,508 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.3% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Modus Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter worth $28,000. Optiver Holding B.V. acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 3rd quarter worth about $31,000. Sound Income Strategies LLC boosted its position in SPDR Portfolio S&P 500 High Dividend ETF by 277.8% during the 4th quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock worth $37,000 after acquiring an additional 600 shares during the period. AdvisorNet Financial Inc boosted its position in SPDR Portfolio S&P 500 High Dividend ETF by 77.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 985 shares of the company’s stock worth $43,000 after acquiring an additional 430 shares during the period. Finally, SHP Wealth Management acquired a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 4th quarter worth about $43,000.

SPDR Portfolio S&P 500 High Dividend ETF Stock Up 0.1%

NYSEARCA:SPYD opened at $45.83 on Wednesday. SPDR Portfolio S&P 500 High Dividend ETF has a 1-year low of $40.11 and a 1-year high of $48.53. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 15.73 and a beta of 0.76. The stock has a fifty day simple moving average of $46.51 and a 200 day simple moving average of $44.67.

About SPDR Portfolio S&P 500 High Dividend ETF

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.