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

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

Institutional Investors Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

A number of large investors have recently bought and sold shares of SPYD. Auto Owners Insurance Co boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 5,697.4% in the fourth quarter. Auto Owners Insurance Co now owns 118,847,500 shares of the company’s stock worth $5,140,154,000 after purchasing an additional 116,797,500 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the third quarter worth $187,209,000. Wellington Management Group LLP bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the third quarter worth $52,565,000. Ameriprise Financial Inc. boosted its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 31.3% in the second quarter. Ameriprise Financial Inc. now owns 3,764,341 shares of the company’s stock worth $159,716,000 after purchasing an additional 896,333 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF in the fourth quarter worth $12,399,000.

SPDR Portfolio S&P 500 High Dividend ETF Price Performance

SPDR Portfolio S&P 500 High Dividend ETF stock opened at $45.76 on Monday. The company’s fifty day simple moving average is $46.50 and its 200-day simple moving average is $44.64. SPDR Portfolio S&P 500 High Dividend ETF has a 12 month low of $39.30 and a 12 month high of $48.53. The stock has a market cap of $7.18 billion, a P/E ratio of 15.73 and a beta of 0.76.

SPDR Portfolio S&P 500 High Dividend ETF Company Profile

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.