SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Down 55.3% in May

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 41,308 shares, a drop of 55.3% from the May 14th total of 92,503 shares. Based on an average trading volume of 235,966 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Godsey & Gibb Inc. increased its stake in SPDR S&P Dividend ETF by 4.0% during the 1st quarter. Godsey & Gibb Inc. now owns 1,838 shares of the company’s stock worth $268,000 after buying an additional 70 shares during the period. Ritholtz Wealth Management increased its stake in SPDR S&P Dividend ETF by 1.3% during the 1st quarter. Ritholtz Wealth Management now owns 5,534 shares of the company’s stock worth $808,000 after buying an additional 71 shares during the period. Golden State Wealth Management LLC increased its stake in SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Golden State Wealth Management LLC now owns 8,619 shares of the company’s stock worth $1,199,000 after buying an additional 71 shares during the period. Keel Point LLC increased its stake in SPDR S&P Dividend ETF by 2.2% during the 3rd quarter. Keel Point LLC now owns 3,499 shares of the company’s stock worth $490,000 after buying an additional 76 shares during the period. Finally, Trust Co. of Vermont increased its stake in SPDR S&P Dividend ETF by 0.7% during the 4th quarter. Trust Co. of Vermont now owns 10,830 shares of the company’s stock worth $1,507,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Up 0.8%

Shares of SDY stock traded up $1.25 during mid-day trading on Friday, reaching $152.66. The company’s stock had a trading volume of 224,658 shares, compared to its average volume of 259,850. SPDR S&P Dividend ETF has a 12-month low of $132.89 and a 12-month high of $156.39. The firm has a market capitalization of $22.34 billion, a PE ratio of 19.85 and a beta of 0.69. The company’s 50 day simple moving average is $148.47 and its 200-day simple moving average is $147.02.

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.