SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,206,555 shares, an increase of 90.7% from the April 15th total of 1,681,128 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 2,631,599 shares, the short-interest ratio is presently 1.2 days.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in SPYV. Morgan Stanley raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 120.2% in the 4th quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after acquiring an additional 10,778,683 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth about $246,963,000. Allworth Financial LP raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 16.1% in the 3rd quarter. Allworth Financial LP now owns 19,313,081 shares of the company’s stock worth $1,068,593,000 after acquiring an additional 2,682,951 shares in the last quarter. Valpey Financial Services LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 5,865.0% in the 4th quarter. Valpey Financial Services LLC now owns 2,133,308 shares of the company’s stock worth $121,193,000 after acquiring an additional 2,097,544 shares in the last quarter. Finally, Royal Bank of Canada increased its position in SPDR Portfolio S&P 500 Value ETF by 38.5% in the 4th quarter. Royal Bank of Canada now owns 6,004,456 shares of the company’s stock valued at $341,112,000 after buying an additional 1,670,152 shares in the last quarter.
SPDR Portfolio S&P 500 Value ETF Stock Performance
Shares of SPYV stock traded up $0.36 during mid-day trading on Monday, hitting $60.24. The company’s stock had a trading volume of 2,203,328 shares, compared to its average volume of 3,566,271. The company’s fifty day simple moving average is $58.09 and its 200-day simple moving average is $57.70. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $49.68 and a 52 week high of $60.51. The company has a market cap of $33.85 billion, a PE ratio of 20.50 and a beta of 0.82.
SPDR Portfolio S&P 500 Value ETF Company Profile
SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 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 500 Index includes all 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 Capital Market with market capitalizations of $3.5 billion or more.
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