SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 129,114 shares, a growth of 163.1% from the April 15th total of 49,065 shares. Based on an average daily trading volume, of 203,899 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Investors Weigh In On SPDR S&P Dividend ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Park National Corp OH bought a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth about $28,000. CVA Family Office LLC increased its holdings in SPDR S&P Dividend ETF by 60.0% during the third quarter. CVA Family Office LLC now owns 200 shares of the company’s stock valued at $28,000 after buying an additional 75 shares during the period. Flagship Wealth Advisors LLC lifted its holdings in SPDR S&P Dividend ETF by 625.0% during the third quarter. Flagship Wealth Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after buying an additional 175 shares during the period. Compass Financial Services Inc acquired a new stake in SPDR S&P Dividend ETF in the third quarter valued at approximately $29,000. Finally, Delos Wealth Advisors LLC purchased a new stake in SPDR S&P Dividend ETF in the third quarter valued at about $29,000. 43.42% of the stock is currently owned by hedge funds and other institutional investors.
SPDR S&P Dividend ETF Price Performance
SDY opened at $148.34 on Friday. SPDR S&P Dividend ETF has a 1 year low of $131.96 and a 1 year high of $156.39. The firm has a market cap of $21.71 billion, a PE ratio of 19.85 and a beta of 0.71. The stock has a 50-day moving average price of $147.76 and a 200-day moving average price of $145.33.
SPDR S&P Dividend ETF Company Profile
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.
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