SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 56,914 shares, a growth of 87.9% from the July 30th total of 30,287 shares. Based on an average daily trading volume, of 210,569 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On SPDR S&P Dividend ETF
Large investors have recently made changes to their positions in the business. Corient Private Wealth LP increased its position in SPDR S&P Dividend ETF by 1.7% in the 2nd quarter. Corient Private Wealth LP now owns 75,630 shares of the company’s stock worth $11,509,000 after buying an additional 1,245 shares during the period. HighTower Advisors LLC lifted its holdings in shares of SPDR S&P Dividend ETF by 0.4% during the second quarter. HighTower Advisors LLC now owns 481,025 shares of the company’s stock worth $73,202,000 after buying an additional 1,899 shares during the last quarter. Carlson Financial Inc. bought a new stake in shares of SPDR S&P Dividend ETF in the second quarter valued at approximately $201,000. Ameritas Advisory Services LLC boosted its position in shares of SPDR S&P Dividend ETF by 35.4% in the second quarter. Ameritas Advisory Services LLC now owns 48,435 shares of the company’s stock valued at $7,371,000 after acquiring an additional 12,656 shares during the period. Finally, Wedmont Private Capital grew its stake in shares of SPDR S&P Dividend ETF by 54.3% in the second quarter. Wedmont Private Capital now owns 15,220 shares of the company’s stock worth $2,349,000 after acquiring an additional 5,358 shares during the last quarter. Institutional investors and hedge funds own 43.42% of the company’s stock.
SPDR S&P Dividend ETF Price Performance
SPDR S&P Dividend ETF stock opened at $156.24 on Tuesday. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29. The firm has a fifty day moving average price of $155.71 and a two-hundred day moving average price of $151.69.
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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