SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sees Large Decrease in Short Interest

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,382,281 shares, a decrease of 56.9% from the April 30th total of 3,206,555 shares. Based on an average trading volume of 2,241,453 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Asempa Wealth Advisors acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter worth $945,000. ERn Financial LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 4.9% during the 4th quarter. ERn Financial LLC now owns 676,263 shares of the company’s stock worth $38,419,000 after purchasing an additional 31,736 shares during the last quarter. Slagle Financial LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 30.0% during the 3rd quarter. Slagle Financial LLC now owns 42,654 shares of the company’s stock worth $2,360,000 after purchasing an additional 9,831 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 4.8% during the 3rd quarter. Fifth Third Bancorp now owns 275,282 shares of the company’s stock worth $15,231,000 after purchasing an additional 12,700 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth $10,928,000.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.5%

SPYV stock traded down $0.30 during trading on Monday, hitting $60.75. The company had a trading volume of 2,234,800 shares, compared to its average volume of 3,527,392. The firm has a market capitalization of $34.14 billion, a P/E ratio of 20.50 and a beta of 0.82. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $50.29 and a 52-week high of $61.33. The company has a 50 day simple moving average of $58.82 and a 200-day simple moving average of $58.05.

SPDR Portfolio S&P 500 Value ETF Company Profile

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 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 500 Index includes all 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 of $3.5 billion or more.