SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 14,119 shares, a drop of 68.4% from the September 30th total of 44,643 shares. Based on an average daily trading volume, of 113,505 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.
SPDR S&P 400 Mid Cap Value ETF Stock Performance
Shares of NYSEARCA MDYV traded down $0.42 during trading on Friday, reaching $93.45. The stock had a trading volume of 72,227 shares, compared to its average volume of 89,821. The business’s 50-day moving average price is $92.07 and its 200-day moving average price is $91.30. SPDR S&P 400 Mid Cap Value ETF has a fifty-two week low of $79.64 and a fifty-two week high of $97.58. The company has a market cap of $2.80 billion, a P/E ratio of 15.85 and a beta of 0.97.
Institutional Trading of SPDR S&P 400 Mid Cap Value ETF
A number of institutional investors and hedge funds have recently bought and sold shares of MDYV. First Pacific Financial purchased a new stake in shares of SPDR S&P 400 Mid Cap Value ETF during the third quarter worth approximately $32,359,000. Canandaigua National Bank & Trust Co. purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the second quarter worth approximately $33,639,000. Rodgers & Associates LTD purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the third quarter worth approximately $19,158,000. Convergence Financial LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the third quarter worth approximately $19,097,000. Finally, ERn Financial LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the third quarter worth approximately $14,983,000.
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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