Short Interest in SPDR S&P Dividend ETF (NYSEARCA:SDY) Rises By 163.1%

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 129,114 shares, a growth of 163.1% from the April 15th total of 49,065 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 203,899 shares, the short-interest ratio is presently 0.6 days.

SPDR S&P Dividend ETF Trading Down 0.9%

SDY stock traded down $1.29 during trading hours on Friday, hitting $146.11. 174,167 shares of the stock were exchanged, compared to its average volume of 265,417. SPDR S&P Dividend ETF has a 12 month low of $131.96 and a 12 month high of $156.39. The firm has a market capitalization of $21.38 billion, a P/E ratio of 19.85 and a beta of 0.71. The company has a 50-day simple moving average of $147.60 and a two-hundred day simple moving average of $145.33.

Hedge Funds Weigh In On SPDR S&P Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its stake in shares of SPDR S&P Dividend ETF by 133.5% in the first quarter. Quantinno Capital Management LP now owns 18,988 shares of the company’s stock worth $2,771,000 after acquiring an additional 10,855 shares during the period. Gateway Wealth Partners LLC lifted its stake in shares of SPDR S&P Dividend ETF by 102.5% in the first quarter. Gateway Wealth Partners LLC now owns 3,280 shares of the company’s stock worth $479,000 after acquiring an additional 1,660 shares during the period. Blue Chip Partners LLC acquired a new position in shares of SPDR S&P Dividend ETF in the first quarter worth approximately $202,000. Matrix Private Capital Group LLC acquired a new position in shares of SPDR S&P Dividend ETF in the first quarter worth approximately $483,000. Finally, Asset Management Group Inc. lifted its stake in shares of SPDR S&P Dividend ETF by 0.4% in the first quarter. Asset Management Group Inc. now owns 25,708 shares of the company’s stock worth $3,752,000 after acquiring an additional 94 shares during the period. 43.42% of the stock is owned by institutional investors and hedge funds.

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.