SPDR S&P Dividend ETF (NYSEARCA:SDY) Short Interest Down 61.7% in August

SPDR S&P Dividend ETF (NYSEARCA:SDY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 21,821 shares, a decrease of 61.7% from the August 15th total of 56,914 shares. Based on an average daily volume of 203,765 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bienville Capital Management LLC acquired a new position in shares of SPDR S&P Dividend ETF during the second quarter valued at $251,000. NorthRock Partners LLC increased its position in SPDR S&P Dividend ETF by 5.1% in the second quarter. NorthRock Partners LLC now owns 31,048 shares of the company’s stock worth $4,725,000 after purchasing an additional 1,520 shares during the period. Integrated Wealth Concepts LLC increased its position in SPDR S&P Dividend ETF by 57.7% in the second quarter. Integrated Wealth Concepts LLC now owns 35,846 shares of the company’s stock worth $5,455,000 after purchasing an additional 13,121 shares during the period. RFG Advisory LLC raised its holdings in SPDR S&P Dividend ETF by 48.6% during the 2nd quarter. RFG Advisory LLC now owns 6,875 shares of the company’s stock worth $1,046,000 after purchasing an additional 2,249 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in SPDR S&P Dividend ETF by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 84,145 shares of the company’s stock worth $12,805,000 after purchasing an additional 22,199 shares during the last quarter. 43.42% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Dividend ETF Trading Up 0.4%

Shares of SPDR S&P Dividend ETF stock traded up $0.63 during midday trading on Friday, reaching $153.00. The company had a trading volume of 130,089 shares, compared to its average volume of 241,143. The stock has a fifty day simple moving average of $156.07 and a 200 day simple moving average of $151.72. SPDR S&P Dividend ETF has a 1-year low of $135.30 and a 1-year high of $160.29. The company has a market capitalization of $23.16 billion, a price-to-earnings ratio of 19.85 and a beta of 0.69.

About SPDR S&P Dividend ETF

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.