SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Sees Significant Increase in Short Interest

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 955,800 shares, an increase of 36.0% from the September 30th total of 702,700 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 1,642,800 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 1,642,800 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SPYD. GSB Wealth Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 60.8% in the second quarter. GSB Wealth Management LLC now owns 788 shares of the company’s stock worth $33,000 after acquiring an additional 298 shares during the period. IFP Advisors Inc bought a new stake in SPDR Portfolio S&P 500 High Dividend ETF during the 2nd quarter valued at approximately $35,000. Access Investment Management LLC purchased a new position in SPDR Portfolio S&P 500 High Dividend ETF in the 2nd quarter worth approximately $42,000. AdvisorNet Financial Inc boosted its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 77.5% during the third quarter. AdvisorNet Financial Inc now owns 985 shares of the company’s stock worth $43,000 after acquiring an additional 430 shares during the last quarter. Finally, Vermillion Wealth Management Inc. boosted its holdings in shares of SPDR Portfolio S&P 500 High Dividend ETF by 252.9% during the 3rd quarter. Vermillion Wealth Management Inc. now owns 1,080 shares of the company’s stock valued at $48,000 after purchasing an additional 774 shares during the last quarter.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

Shares of NYSEARCA SPYD traded down $0.17 during midday trading on Tuesday, reaching $42.11. The stock had a trading volume of 2,760,290 shares, compared to its average volume of 1,264,542. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 15.73 and a beta of 0.84. SPDR Portfolio S&P 500 High Dividend ETF has a 12-month low of $37.92 and a 12-month high of $47.52. The stock has a 50-day moving average of $43.93 and a 200-day moving average of $43.19.

SPDR Portfolio S&P 500 High Dividend ETF Company Profile

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.