Short Interest in SPDR S&P Dividend ETF (NYSEARCA:SDY) Rises By 87.9%

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 56,914 shares, an increase of 87.9% from the July 30th total of 30,287 shares. Based on an average trading volume of 210,569 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

SPDR S&P Dividend ETF Price Performance

SDY traded down $0.01 during trading on Friday, reaching $157.50. 168,738 shares of the stock traded hands, compared to its average volume of 245,840. The stock’s 50-day simple moving average is $155.57 and its two-hundred day simple moving average is $151.68. SPDR S&P Dividend ETF has a fifty-two week low of $135.30 and a fifty-two week high of $160.29. The stock has a market cap of $23.85 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

Several institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in shares of SPDR S&P Dividend ETF by 121.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,611 shares of the company’s stock valued at $2,458,000 after buying an additional 9,657 shares during the period. Churchill Financial Advisors LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at about $1,451,000. Koenig Investment Advisory LLC bought a new position in SPDR S&P Dividend ETF during the fourth quarter valued at about $6,836,000. J.Safra Asset Management Corp raised its holdings in SPDR S&P Dividend ETF by 3.4% in the 4th quarter. J.Safra Asset Management Corp now owns 353,863 shares of the company’s stock valued at $49,244,000 after acquiring an additional 11,503 shares in the last quarter. Finally, MGO One Seven LLC raised its holdings in SPDR S&P Dividend ETF by 36.1% in the 4th quarter. MGO One Seven LLC now owns 30,718 shares of the company’s stock valued at $4,275,000 after acquiring an additional 8,155 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors and hedge funds.

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.