SPDR S&P Dividend ETF (NYSEARCA:SDY – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 106,179 shares, an increase of 113.1% from the September 30th total of 49,830 shares. Based on an average trading volume of 219,342 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.
SPDR S&P Dividend ETF Stock Up 0.3%
SPDR S&P Dividend ETF stock traded up $0.53 during midday trading on Friday, reaching $160.72. The stock had a trading volume of 207,901 shares, compared to its average volume of 235,246. SPDR S&P Dividend ETF has a 12 month low of $135.30 and a 12 month high of $162.31. The firm’s 50-day moving average price is $153.44 and its 200 day moving average price is $151.60. The firm has a market capitalization of $22.28 billion, a PE ratio of 19.85 and a beta of 0.69.
Hedge Funds Weigh In On SPDR S&P Dividend ETF
Several large investors have recently modified their holdings of SDY. Markowski Investments purchased a new stake in shares of SPDR S&P Dividend ETF during the 2nd quarter valued at approximately $28,000. Continuum Advisory LLC bought a new position in shares of SPDR S&P Dividend ETF in the second quarter worth $29,000. Foresight Capital Management Advisors Inc. bought a new position in SPDR S&P Dividend ETF in the 3rd quarter worth about $30,000. Latitude Advisors LLC purchased a new position in SPDR S&P Dividend ETF during the third quarter valued at approximately $51,000. Finally, Evergreen Advisors LLC purchased a new position in shares of SPDR S&P Dividend ETF during the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 43.42% of the company’s stock.
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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