Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Grows By 86.1%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 112,460 shares, an increase of 86.1% from the November 30th total of 60,441 shares. Based on an average trading volume of 84,957 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 84,957 shares, the days-to-cover ratio is presently 1.3 days.

SPDR S&P 400 Mid Cap Value ETF Stock Performance

Shares of MDYV traded down $0.38 during mid-day trading on Monday, hitting $85.71. 65,944 shares of the stock were exchanged, compared to its average volume of 128,503. SPDR S&P 400 Mid Cap Value ETF has a 52-week low of $65.86 and a 52-week high of $87.49. The company has a market cap of $2.45 billion, a PE ratio of 15.85 and a beta of 1.05. The firm has a 50-day moving average of $83.89 and a two-hundred day moving average of $82.66.

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

Several hedge funds and other institutional investors have recently modified their holdings of MDYV. Avantax Planning Partners Inc. grew its position in SPDR S&P 400 Mid Cap Value ETF by 76.4% during the third quarter. Avantax Planning Partners Inc. now owns 834,328 shares of the company’s stock valued at $69,591,000 after buying an additional 361,398 shares during the period. Benjamin Edwards Inc. lifted its stake in SPDR S&P 400 Mid Cap Value ETF by 26.2% during the 2nd quarter. Benjamin Edwards Inc. now owns 714,877 shares of the company’s stock worth $56,783,000 after acquiring an additional 148,218 shares in the last quarter. AE Wealth Management LLC boosted its holdings in SPDR S&P 400 Mid Cap Value ETF by 16.3% in the third quarter. AE Wealth Management LLC now owns 661,703 shares of the company’s stock valued at $55,193,000 after purchasing an additional 92,682 shares during the period. Prism Advisors Inc. purchased a new position in SPDR S&P 400 Mid Cap Value ETF in the second quarter worth approximately $6,875,000. Finally, MML Investors Services LLC grew its holdings in SPDR S&P 400 Mid Cap Value ETF by 86.7% during the 2nd quarter. MML Investors Services LLC now owns 152,886 shares of the company’s stock worth $12,144,000 after acquiring an additional 70,997 shares in the last quarter.

SPDR S&P 400 Mid Cap Value ETF Company Profile

SPDR S&P 400 Mid Cap Value ETF seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Value Index. The S&P MidCap 400 Value Index measures the performance of the mid-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio. 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 CapitalMarket with market capitalizations between $850 million and $3.8 billion.