SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Down 53.1% in August

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 723,407 shares, a decrease of 53.1% from the August 15th total of 1,542,159 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 1,288,340 shares, the days-to-cover ratio is presently 0.6 days.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of NYSEARCA:SPMD opened at $65.24 on Monday. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 4.58 and a beta of 1.01. SPDR Portfolio S&P 400 Mid Cap ETF has a 12-month low of $54.53 and a 12-month high of $68.97. The business has a 50-day moving average price of $66.67 and a 200 day moving average price of $64.45.

Hedge Funds Weigh In On SPDR Portfolio S&P 400 Mid Cap ETF

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 16.7% during the second quarter. JPMorgan Chase & Co. now owns 142,911 shares of the company’s stock worth $7,772,000 after purchasing an additional 20,429 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the second quarter valued at $206,000. Russell Investments Group Ltd. raised its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 127.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,617 shares of the company’s stock valued at $142,000 after buying an additional 1,466 shares during the period. Brown Advisory Inc. purchased a new stake in shares of SPDR Portfolio S&P 400 Mid Cap ETF in the 2nd quarter valued at $228,000. Finally, Jump Financial LLC purchased a new stake in SPDR Portfolio S&P 400 Mid Cap ETF during the second quarter worth about $2,915,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

About SPDR Portfolio S&P 400 Mid Cap ETF

The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies selected by the S&P Committee. SPMD was launched on Nov 8, 2005 and is managed by State Street.