SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 28,576 shares, a decline of 63.4% from the April 15th total of 78,077 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 62,541 shares, the short-interest ratio is currently 0.5 days.
SPDR S&P 400 Mid Cap Value ETF Stock Performance
Shares of SPDR S&P 400 Mid Cap Value ETF stock traded down $1.23 during trading on Friday, reaching $88.68. The company’s stock had a trading volume of 34,454 shares, compared to its average volume of 86,779. The business’s fifty day moving average price is $87.76 and its 200-day moving average price is $87.06. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 15.85 and a beta of 0.98. SPDR S&P 400 Mid Cap Value ETF has a one year low of $75.52 and a one year high of $93.10.
Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Value ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gibbs Wealth Management increased its stake in SPDR S&P 400 Mid Cap Value ETF by 168.6% during the first quarter. Gibbs Wealth Management now owns 7,589 shares of the company’s stock valued at $646,000 after acquiring an additional 4,764 shares during the period. Cetera Investment Advisers increased its stake in SPDR S&P 400 Mid Cap Value ETF by 7.5% during the first quarter. Cetera Investment Advisers now owns 410,049 shares of the company’s stock valued at $34,916,000 after acquiring an additional 28,763 shares during the period. PNC Financial Services Group Inc. increased its stake in SPDR S&P 400 Mid Cap Value ETF by 8.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,899 shares of the company’s stock valued at $162,000 after acquiring an additional 155 shares during the period. Florida Financial Advisors LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 29.8% during the first quarter. Florida Financial Advisors LLC now owns 9,557 shares of the company’s stock valued at $814,000 after acquiring an additional 2,193 shares during the period. Finally, Balefire LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 10.0% during the first quarter. Balefire LLC now owns 4,840 shares of the company’s stock valued at $412,000 after acquiring an additional 440 shares during the period.
SPDR S&P 400 Mid Cap Value ETF Company Profile
SPDR S&P 400 Mid Cap Value ETF seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Value Index. The S&P MidCap 400 Value Index measures the performance of the mid-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ CapitalMarket with market capitalizations between $850 million and $3.8 billion.
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