Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Increases By 64.4%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 82,316 shares, an increase of 64.4% from the June 30th total of 50,079 shares. Based on an average trading volume of 68,390 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are sold short.

SPDR S&P 400 Mid Cap Value ETF Stock Down 0.2%

MDYV stock traded down $0.21 during trading on Friday, reaching $95.00. 503,169 shares of the company’s stock were exchanged, compared to its average volume of 86,997. SPDR S&P 400 Mid Cap Value ETF has a 1-year low of $78.19 and a 1-year high of $96.25. The company’s fifty day moving average price is $93.64 and its 200-day moving average price is $90.49. The firm has a market cap of $2.77 billion, a PE ratio of 15.85 and a beta of 0.96.

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

A number of hedge funds and other institutional investors have recently modified their holdings of MDYV. AQR Capital Management LLC increased its stake in SPDR S&P 400 Mid Cap Value ETF by 38.4% during the 1st quarter. AQR Capital Management LLC now owns 3,563 shares of the company’s stock valued at $275,000 after buying an additional 988 shares during the period. NewEdge Advisors LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 3.6% in the 1st quarter. NewEdge Advisors LLC now owns 6,395 shares of the company’s stock worth $493,000 after acquiring an additional 221 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 261,025 shares of the company’s stock worth $20,112,000 after acquiring an additional 18,506 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of SPDR S&P 400 Mid Cap Value ETF by 42.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 22,208 shares of the company’s stock worth $1,764,000 after acquiring an additional 6,571 shares during the period. Finally, M&T Bank Corp bought a new position in shares of SPDR S&P 400 Mid Cap Value ETF in the second quarter valued at approximately $245,000.

About SPDR S&P 400 Mid Cap Value ETF

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.