Short Interest in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) Declines By 34.8%

SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,104,391 shares, a drop of 34.8% from the June 15th total of 1,693,482 shares. Based on an average daily trading volume, of 944,747 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.8% of the shares of the company are short sold.

Institutional Investors Weigh In On SPDR S&P MidCap 400 ETF Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in SPDR S&P MidCap 400 ETF Trust by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock worth $810,385,000 after buying an additional 87,207 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock valued at $500,741,000 after acquiring an additional 41,757 shares in the last quarter. Moore Capital Management LP boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% during the 2nd quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock worth $358,993,000 after purchasing an additional 267,800 shares during the last quarter. Raymond James Financial Inc. grew its stake in SPDR S&P MidCap 400 ETF Trust by 5.4% in the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock worth $336,626,000 after acquiring an additional 28,459 shares during the period. Finally, Bank of Montreal Can increased its stake in SPDR S&P MidCap 400 ETF Trust by 2.2% in the fourth quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock valued at $309,959,000 after purchasing an additional 11,060 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Trading Down 0.6%

NYSEARCA:MDY opened at $688.75 on Friday. The firm has a market cap of $26.88 billion, a P/E ratio of 18.98 and a beta of 1.00. The stock’s 50 day simple moving average is $683.37 and its 200-day simple moving average is $654.04. SPDR S&P MidCap 400 ETF Trust has a 12-month low of $559.89 and a 12-month high of $704.45.

SPDR S&P MidCap 400 ETF Trust Company Profile

SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.