SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Update

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,087,846 shares, an increase of 100.2% from the April 30th total of 1,042,886 shares. Based on an average trading volume of 1,660,823 shares, the short-interest ratio is presently 1.3 days. Currently, 0.8% of the shares of the company are short sold.

SPDR Portfolio S&P 400 Mid Cap ETF Price Performance

Shares of SPMD opened at $65.95 on Wednesday. SPDR Portfolio S&P 400 Mid Cap ETF has a 1 year low of $52.45 and a 1 year high of $65.95. The company has a 50 day simple moving average of $62.62 and a two-hundred day simple moving average of $60.83. The firm has a market cap of $17.59 billion, a P/E ratio of 4.63 and a beta of 1.02.

Institutional Investors Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Creative Planning grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the 3rd quarter. Creative Planning now owns 87,966,062 shares of the company’s stock valued at $5,030,779,000 after buying an additional 4,903,905 shares in the last quarter. Auto Owners Insurance Co grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% during the 4th quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock valued at $4,461,016,000 after buying an additional 75,993,600 shares in the last quarter. LPL Financial LLC grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% during the 4th quarter. LPL Financial LLC now owns 12,844,472 shares of the company’s stock valued at $743,823,000 after buying an additional 173,911 shares in the last quarter. Morgan Stanley grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% during the 4th quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock valued at $568,923,000 after buying an additional 6,634,293 shares in the last quarter. Finally, Valmark Advisers Inc. grew its holdings in SPDR Portfolio S&P 400 Mid Cap ETF by 2.5% during the 1st quarter. Valmark Advisers Inc. now owns 7,215,287 shares of the company’s stock valued at $427,289,000 after buying an additional 173,551 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

About SPDR Portfolio S&P 400 Mid Cap ETF

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.