SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Short Interest Up 272.8% in June

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 140,964 shares, a growth of 272.8% from the May 31st total of 37,814 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 76,282 shares, the short-interest ratio is currently 1.8 days.

SPDR S&P 400 Mid Cap Growth ETF Price Performance

Shares of NYSEARCA MDYG traded up $0.05 during trading hours on Monday, hitting $110.06. 21,795 shares of the company’s stock were exchanged, compared to its average volume of 91,605. The company’s 50-day moving average price is $107.18 and its 200-day moving average price is $100.83. SPDR S&P 400 Mid Cap Growth ETF has a 1-year low of $86.23 and a 1-year high of $111.74. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.35 and a beta of 1.06.

Hedge Funds Weigh In On SPDR S&P 400 Mid Cap Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. UNIVEST FINANCIAL Corp boosted its holdings in SPDR S&P 400 Mid Cap Growth ETF by 1,102.7% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 320,940 shares of the company’s stock valued at $29,665,000 after purchasing an additional 294,255 shares during the period. AE Wealth Management LLC increased its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 26.1% during the 4th quarter. AE Wealth Management LLC now owns 1,084,310 shares of the company’s stock worth $100,223,000 after purchasing an additional 224,654 shares during the period. WCG Wealth Advisors LLC raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 257.6% during the fourth quarter. WCG Wealth Advisors LLC now owns 276,185 shares of the company’s stock valued at $25,528,000 after buying an additional 198,955 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 104.5% in the second quarter. Corient Private Wealth LLC now owns 296,652 shares of the company’s stock valued at $25,771,000 after buying an additional 151,605 shares during the period. Finally, Private Advisor Group LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 40.6% in the first quarter. Private Advisor Group LLC now owns 425,586 shares of the company’s stock valued at $40,839,000 after buying an additional 122,989 shares during the period.

About SPDR S&P 400 Mid Cap Growth ETF

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum. 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 Capital Market with market capitalizations between $850 million and $3.8 billion.