SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Short Interest Down 31.5% in December

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 364,882 shares, a decline of 31.5% from the December 15th total of 532,334 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,493,525 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,493,525 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

Shares of NYSEARCA SPYD traded down $0.18 during mid-day trading on Friday, hitting $44.92. The stock had a trading volume of 1,397,935 shares, compared to its average volume of 1,915,406. The firm has a market cap of $7.48 billion, a PE ratio of 15.73 and a beta of 0.84. The company has a 50 day moving average of $43.54 and a two-hundred day moving average of $43.64. SPDR Portfolio S&P 500 High Dividend ETF has a twelve month low of $37.92 and a twelve month high of $45.48.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Code Waechter LLC lifted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.1% in the 3rd quarter. Code Waechter LLC now owns 20,513 shares of the company’s stock valued at $891,000 after purchasing an additional 230 shares during the period. 1900 Wealth Management LLC grew its position in SPDR Portfolio S&P 500 High Dividend ETF by 0.8% during the second quarter. 1900 Wealth Management LLC now owns 29,616 shares of the company’s stock valued at $1,257,000 after buying an additional 237 shares during the period. Sovereign Financial Group Inc. increased its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 2.5% in the third quarter. Sovereign Financial Group Inc. now owns 10,354 shares of the company’s stock valued at $456,000 after buying an additional 251 shares in the last quarter. MBL Wealth LLC raised its position in shares of SPDR Portfolio S&P 500 High Dividend ETF by 1.0% in the second quarter. MBL Wealth LLC now owns 26,000 shares of the company’s stock worth $1,103,000 after acquiring an additional 254 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 2.5% during the 2nd quarter. Private Trust Co. NA now owns 10,330 shares of the company’s stock worth $438,000 after acquiring an additional 255 shares in the last quarter.

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.