SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 140,964 shares, an increase of 272.8% from the May 31st total of 37,814 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 76,282 shares, the short-interest ratio is currently 1.8 days.
SPDR S&P 400 Mid Cap Growth ETF Stock Performance
SPDR S&P 400 Mid Cap Growth ETF stock traded down $0.68 during mid-day trading on Friday, reaching $110.01. The company’s stock had a trading volume of 163,147 shares, compared to its average volume of 92,190. The company has a market capitalization of $2.85 billion, a P/E ratio of 22.35 and a beta of 1.06. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $86.20 and a 12-month high of $111.74. The firm’s fifty day moving average price is $107.18 and its two-hundred day moving average price is $100.77.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Caitlin John LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF in the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P 400 Mid Cap Growth ETF during the fourth quarter valued at approximately $30,000. KERR FINANCIAL PLANNING Corp increased its holdings in SPDR S&P 400 Mid Cap Growth ETF by 50.0% during the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares during the period. Arax Advisory Partners bought a new stake in SPDR S&P 400 Mid Cap Growth ETF during the 4th quarter worth approximately $51,000. Finally, Financial Life Planners purchased a new stake in SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter worth approximately $59,000.
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. 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 Capital Market with market capitalizations between $850 million and $3.8 billion.
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