SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Shares Shorted: Short Interest Up 60.0% in September

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 106,448 shares, an increase of 60.0% from the August 31st total of 66,518 shares. Based on an average trading volume of 87,082 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the shares of the stock are short sold.

SPDR S&P 400 Mid Cap Growth ETF Stock Down 0.3%

MDYG traded down $0.32 during trading on Wednesday, reaching $104.53. The company’s stock had a trading volume of 84,176 shares, compared to its average volume of 89,822. The firm has a fifty day simple moving average of $108.21 and a two-hundred day simple moving average of $106.05. SPDR S&P 400 Mid Cap Growth ETF has a 1 year low of $87.09 and a 1 year high of $113.93. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 22.35 and a beta of 1.05.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NorthRock Partners LLC boosted its stake in SPDR S&P 400 Mid Cap Growth ETF by 6.5% during the second quarter. NorthRock Partners LLC now owns 1,153,617 shares of the company’s stock worth $129,309,000 after buying an additional 70,276 shares during the last quarter. FAS Wealth Partners Inc. increased its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 2.1% in the 1st quarter. FAS Wealth Partners Inc. now owns 507,678 shares of the company’s stock worth $48,717,000 after acquiring an additional 10,447 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 40.6% in the 1st quarter. Private Advisor Group LLC now owns 425,586 shares of the company’s stock worth $40,839,000 after acquiring an additional 122,989 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 3.6% during the 4th quarter. Rehmann Capital Advisory Group now owns 331,315 shares of the company’s stock worth $30,648,000 after acquiring an additional 11,455 shares during the period. Finally, GHP Investment Advisors Inc. raised its holdings in shares of SPDR S&P 400 Mid Cap Growth ETF by 1.8% during the 1st quarter. GHP Investment Advisors Inc. now owns 330,087 shares of the company’s stock worth $31,675,000 after acquiring an additional 5,975 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.