SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sees Significant Drop in Short Interest

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 47,603 shares, a decrease of 35.2% from the September 30th total of 73,446 shares. Based on an average daily volume of 106,740 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of SPDR S&P 400 Mid Cap Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clear Point Advisors Inc. purchased a new position in SPDR S&P 400 Mid Cap Growth ETF in the 3rd quarter valued at $608,000. Chicago Partners Investment Group LLC acquired a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter worth approximately $7,924,000. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter valued at approximately $211,000. Salomon & Ludwin LLC purchased a new stake in shares of SPDR S&P 400 Mid Cap Growth ETF during the 3rd quarter valued at approximately $1,806,000. Finally, Vise Technologies Inc. raised its position in shares of SPDR S&P 400 Mid Cap Growth ETF by 18.0% during the 3rd quarter. Vise Technologies Inc. now owns 5,128 shares of the company’s stock valued at $536,000 after buying an additional 783 shares during the period.

SPDR S&P 400 Mid Cap Growth ETF Stock Performance

Shares of MDYG stock opened at $102.87 on Monday. SPDR S&P 400 Mid Cap Growth ETF has a 52-week low of $87.09 and a 52-week high of $113.93. The firm has a market capitalization of $2.79 billion, a P/E ratio of 22.35 and a beta of 1.06. The stock has a 50 day moving average price of $105.86 and a 200 day moving average price of $104.51.

SPDR S&P 400 Mid Cap Growth ETF Company Profile

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.