SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sees Large Growth in Short Interest

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,206,555 shares, an increase of 90.7% from the April 15th total of 1,681,128 shares. Based on an average daily volume of 2,631,599 shares, the short-interest ratio is presently 1.2 days. Currently, 0.6% of the shares of the stock are sold short.

SPDR Portfolio S&P 500 Value ETF Trading Down 0.7%

NYSEARCA:SPYV traded down $0.43 during trading hours on Friday, hitting $59.88. 2,304,855 shares of the stock were exchanged, compared to its average volume of 3,580,931. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $49.68 and a 52-week high of $60.51. The firm’s fifty day moving average price is $58.06 and its 200 day moving average price is $57.67. The company has a market cap of $33.65 billion, a P/E ratio of 20.50 and a beta of 0.82.

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

Several large investors have recently bought and sold shares of the company. Financial Engines Advisors L.L.C. increased its stake in SPDR Portfolio S&P 500 Value ETF by 0.8% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 81,729,362 shares of the company’s stock worth $4,522,086,000 after buying an additional 642,820 shares in the last quarter. Morgan Stanley increased its stake in SPDR Portfolio S&P 500 Value ETF by 120.2% during the 4th quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after buying an additional 10,778,683 shares in the last quarter. Allworth Financial LP increased its stake in SPDR Portfolio S&P 500 Value ETF by 2.0% during the 4th quarter. Allworth Financial LP now owns 19,695,295 shares of the company’s stock worth $1,118,890,000 after buying an additional 382,214 shares in the last quarter. Valmark Advisers Inc. increased its stake in SPDR Portfolio S&P 500 Value ETF by 2.9% during the 1st quarter. Valmark Advisers Inc. now owns 8,996,058 shares of the company’s stock worth $508,997,000 after buying an additional 255,913 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in SPDR Portfolio S&P 500 Value ETF by 3.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,575,647 shares of the company’s stock worth $474,565,000 after buying an additional 304,642 shares in the last quarter.

About SPDR Portfolio S&P 500 Value ETF

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 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 500 Index includes all 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 Capital Market with market capitalizations of $3.5 billion or more.