SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 106,448 shares, an increase of 60.0% from the August 31st total of 66,518 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 87,082 shares, the short-interest ratio is presently 1.2 days.
SPDR S&P 400 Mid Cap Growth ETF Stock Performance
Shares of SPDR S&P 400 Mid Cap Growth ETF stock traded up $1.23 during trading hours on Thursday, reaching $105.76. The company’s stock had a trading volume of 99,057 shares, compared to its average volume of 89,871. SPDR S&P 400 Mid Cap Growth ETF has a one year low of $87.09 and a one year high of $113.93. The company’s 50 day simple moving average is $108.14 and its 200 day simple moving average is $106.12. The stock has a market cap of $2.80 billion, a P/E ratio of 22.35 and a beta of 1.05.
Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Growth ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Carnegie Investment Counsel boosted its stake in SPDR S&P 400 Mid Cap Growth ETF by 1.8% during the 1st quarter. Carnegie Investment Counsel now owns 5,729 shares of the company’s stock valued at $550,000 after purchasing an additional 101 shares during the period. KERR FINANCIAL PLANNING Corp grew its holdings in SPDR S&P 400 Mid Cap Growth ETF by 50.0% in the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after buying an additional 114 shares in the last quarter. JFS Wealth Advisors LLC increased its position in SPDR S&P 400 Mid Cap Growth ETF by 28.2% in the 2nd quarter. JFS Wealth Advisors LLC now owns 518 shares of the company’s stock valued at $58,000 after acquiring an additional 114 shares during the period. PNC Financial Services Group Inc. increased its position in SPDR S&P 400 Mid Cap Growth ETF by 9.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,818 shares of the company’s stock valued at $174,000 after acquiring an additional 151 shares during the period. Finally, Beam Wealth Advisors Inc. raised its stake in SPDR S&P 400 Mid Cap Growth ETF by 1.9% during the 1st quarter. Beam Wealth Advisors Inc. now owns 11,651 shares of the company’s stock valued at $1,118,000 after acquiring an additional 220 shares in the last quarter.
About SPDR S&P 400 Mid Cap Growth ETF
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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