SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) Short Interest Down 51.5% in June

SPDR Portfolio S&P 500 High Dividend ETF (NYSEARCA:SPYD) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 838,294 shares, a decline of 51.5% from the June 15th total of 1,726,704 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,217,243 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 High Dividend ETF

Several large investors have recently modified their holdings of SPYD. Roan Capital Partners raised its holdings in SPDR Portfolio S&P 500 High Dividend ETF by 41.0% in the 2nd quarter. Roan Capital Partners now owns 41,976 shares of the company’s stock valued at $2,003,000 after buying an additional 12,210 shares during the period. MFG Wealth Management Inc. boosted its stake in SPDR Portfolio S&P 500 High Dividend ETF by 0.7% during the second quarter. MFG Wealth Management Inc. now owns 48,918 shares of the company’s stock worth $2,334,000 after buying an additional 332 shares during the period. Grant Private Wealth Management Inc acquired a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the second quarter valued at about $225,000. Avior Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 500 High Dividend ETF during the second quarter valued at about $3,549,000. Finally, WealthPoint Financial LLC raised its stake in shares of SPDR Portfolio S&P 500 High Dividend ETF by 21.1% in the 1st quarter. WealthPoint Financial LLC now owns 6,316 shares of the company’s stock valued at $288,000 after acquiring an additional 1,099 shares during the period.

SPDR Portfolio S&P 500 High Dividend ETF Stock Performance

SPYD opened at $49.54 on Friday. The stock has a market capitalization of $7.64 billion, a PE ratio of 15.73 and a beta of 0.71. SPDR Portfolio S&P 500 High Dividend ETF has a one year low of $41.87 and a one year high of $49.56. The business’s 50 day moving average price is $47.79 and its 200 day moving average price is $46.56.

About SPDR Portfolio S&P 500 High Dividend ETF

The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is an exchange-traded fund that is based on the S&P 500 High Dividend index. The fund tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally-weighted. SPYD was launched on Oct 21, 2015 and is managed by State Street.