SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 44,643 shares, a decrease of 55.5% from the September 15th total of 100,307 shares. Based on an average daily trading volume, of 96,948 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.
SPDR S&P 400 Mid Cap Value ETF Trading Down 0.8%
NYSEARCA:MDYV traded down $0.72 during mid-day trading on Wednesday, hitting $89.92. The stock had a trading volume of 109,588 shares, compared to its average volume of 86,153. SPDR S&P 400 Mid Cap Value ETF has a twelve month low of $79.64 and a twelve month high of $97.58. The stock has a 50-day simple moving average of $93.06 and a two-hundred day simple moving average of $92.25. The company has a market capitalization of $2.71 billion, a PE ratio of 15.85 and a beta of 0.97.
Institutional Investors Weigh In On SPDR S&P 400 Mid Cap Value ETF
A number of large investors have recently modified their holdings of the company. Cultivar Capital Inc. purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter worth $742,000. 4WEALTH Advisors Inc. purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the third quarter valued at $212,000. Cooke Wealth Management LLC increased its holdings in SPDR S&P 400 Mid Cap Value ETF by 3.4% in the third quarter. Cooke Wealth Management LLC now owns 20,453 shares of the company’s stock valued at $1,810,000 after buying an additional 668 shares during the last quarter. Avior Wealth Management LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the third quarter valued at $6,347,000. Finally, Sacks & Associates LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the third quarter valued at $3,850,000.
About SPDR S&P 400 Mid Cap Value ETF
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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