SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Short Interest Up 118.9% in September

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 40,500 shares, a growth of 118.9% from the August 31st total of 18,500 shares. Based on an average trading volume of 74,400 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 74,400 shares, the short-interest ratio is currently 0.5 days.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

MDYG opened at $92.01 on Monday. The business’s 50-day simple moving average is $90.57 and its 200-day simple moving average is $85.57. SPDR S&P 400 Mid Cap Growth ETF has a one year low of $68.59 and a one year high of $95.51. The stock has a market capitalization of $2.43 billion, a P/E ratio of 22.35 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MDYG. Mather Group LLC. purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the first quarter valued at approximately $31,000. Rossby Financial LCC acquired a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the 1st quarter valued at $32,000. Versant Capital Management Inc purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 1st quarter valued at $33,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 1st quarter valued at $34,000. Finally, Smartleaf Asset Management LLC boosted its stake in SPDR S&P 400 Mid Cap Growth ETF by 114.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 441 shares of the company’s stock worth $35,000 after purchasing an additional 235 shares during the period.

SPDR S&P 400 Mid Cap Growth ETF Company Profile

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum.