SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Sees Significant Decrease in Short Interest

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the target of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 2,338,947 shares, a decline of 19.6% from the February 12th total of 2,908,647 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 2,417,136 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 2,417,136 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPMD. Outlook Wealth Advisors LLC increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 1.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 8,881 shares of the company’s stock worth $514,000 after buying an additional 160 shares during the period. Worth Financial Advisory Group LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.1% in the fourth quarter. Worth Financial Advisory Group LLC now owns 15,364 shares of the company’s stock valued at $890,000 after acquiring an additional 163 shares during the period. CENTRAL TRUST Co grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 31.2% during the fourth quarter. CENTRAL TRUST Co now owns 731 shares of the company’s stock worth $42,000 after acquiring an additional 174 shares during the last quarter. Aspire Private Capital LLC increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 0.3% in the 4th quarter. Aspire Private Capital LLC now owns 53,946 shares of the company’s stock valued at $3,124,000 after acquiring an additional 175 shares during the period. Finally, Flagship Private Wealth LLC increased its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 2.2% in the 3rd quarter. Flagship Private Wealth LLC now owns 8,430 shares of the company’s stock valued at $482,000 after acquiring an additional 178 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

SPDR Portfolio S&P 400 Mid Cap ETF Trading Down 0.1%

Shares of NYSEARCA SPMD traded down $0.07 during mid-day trading on Friday, reaching $58.70. The company had a trading volume of 4,514,183 shares, compared to its average volume of 3,429,073. The firm has a 50 day simple moving average of $61.44 and a two-hundred day simple moving average of $58.86. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $43.99 and a 52-week high of $63.67. The stock has a market cap of $15.40 billion, a P/E ratio of 4.12 and a beta of 1.07.

About SPDR Portfolio S&P 400 Mid Cap ETF

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.