SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Short Interest Down 38.4% in May

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 17,589 shares, a drop of 38.4% from the April 30th total of 28,576 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 68,952 shares, the short-interest ratio is currently 0.3 days.

SPDR S&P 400 Mid Cap Value ETF Price Performance

NYSEARCA MDYV opened at $92.23 on Wednesday. The firm’s fifty day moving average price is $88.89 and its 200 day moving average price is $87.71. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 15.85 and a beta of 0.98. SPDR S&P 400 Mid Cap Value ETF has a 12 month low of $76.39 and a 12 month high of $93.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MDYV. Caitlin John LLC purchased a new position in SPDR S&P 400 Mid Cap Value ETF during the 3rd quarter worth $28,000. US Bancorp DE grew its position in SPDR S&P 400 Mid Cap Value ETF by 23.9% during the 3rd quarter. US Bancorp DE now owns 643 shares of the company’s stock worth $54,000 after purchasing an additional 124 shares during the last quarter. Miller Capital Partners Inc. purchased a new position in SPDR S&P 400 Mid Cap Value ETF during the 4th quarter worth $65,000. CoreCap Advisors LLC grew its position in SPDR S&P 400 Mid Cap Value ETF by 39.4% during the 4th quarter. CoreCap Advisors LLC now owns 852 shares of the company’s stock worth $72,000 after purchasing an additional 241 shares during the last quarter. Finally, Ameriflex Group Inc. grew its position in SPDR S&P 400 Mid Cap Value ETF by 5,337.5% during the 3rd quarter. Ameriflex Group Inc. now owns 870 shares of the company’s stock worth $73,000 after purchasing an additional 854 shares during the last quarter.

About SPDR S&P 400 Mid Cap Value ETF

SPDR S&P 400 Mid Cap Value ETF seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Value Index. The S&P MidCap 400 Value Index measures the performance of the mid-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 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 MidCap 400 Index includes all the 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 CapitalMarket with market capitalizations between $850 million and $3.8 billion.