SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Update

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 56,914 shares, an increase of 87.9% from the July 30th total of 30,287 shares. Based on an average trading volume of 210,569 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Markowski Investments bought a new position in shares of SPDR S&P Dividend ETF during the 2nd quarter worth approximately $28,000. Park National Corp OH acquired a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter valued at $28,000. Continuum Advisory LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 2nd quarter worth about $29,000. MBM Wealth Consultants LLC bought a new stake in shares of SPDR S&P Dividend ETF in the 1st quarter worth about $34,000. Finally, Ankerstar Wealth LLC acquired a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter worth about $33,000. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Down 0.8%

NYSEARCA SDY traded down $1.26 on Monday, reaching $156.24. The company’s stock had a trading volume of 202,772 shares, compared to its average volume of 245,581. The firm has a market cap of $23.65 billion, a PE ratio of 19.85 and a beta of 0.69. The business has a 50-day moving average price of $155.71 and a 200 day moving average price of $151.69. SPDR S&P Dividend ETF has a 52 week low of $135.30 and a 52 week high of $160.29.

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.