SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Update

SPDR S&P Dividend ETF (NYSEARCA:SDY) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 30,287 shares, a drop of 45.8% from the July 15th total of 55,888 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 185,410 shares, the short-interest ratio is presently 0.2 days.

SPDR S&P Dividend ETF Stock Up 0.4%

Shares of SDY traded up $0.70 during trading hours on Tuesday, reaching $157.66. The stock had a trading volume of 205,661 shares, compared to its average volume of 247,886. The company has a market cap of $23.87 billion, a P/E ratio of 19.85 and a beta of 0.69. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $160.29. The firm has a 50-day moving average of $154.46 and a 200 day moving average of $151.25.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

Several institutional investors have recently bought and sold shares of SDY. Park National Corp OH bought a new position in shares of SPDR S&P Dividend ETF in the 1st quarter valued at about $28,000. Continuum Advisory LLC bought a new stake in SPDR S&P Dividend ETF during the second quarter worth about $29,000. Ankerstar Wealth LLC acquired a new position in SPDR S&P Dividend ETF during the fourth quarter valued at approximately $33,000. MBM Wealth Consultants LLC bought a new position in shares of SPDR S&P Dividend ETF in the first quarter valued at $34,000. Finally, Syntax Research Inc. acquired a new position in SPDR S&P Dividend ETF during the fourth quarter worth $35,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Company Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.