Short Interest in SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) Increases By 86.1%

SPDR S&P 400 Mid Cap Value ETF (NYSEARCA:MDYV) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 112,460 shares, an increase of 86.1% from the November 30th total of 60,441 shares. Based on an average daily trading volume, of 84,957 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 84,957 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MDYV. Avantax Planning Partners Inc. boosted its position in shares of SPDR S&P 400 Mid Cap Value ETF by 76.4% during the third quarter. Avantax Planning Partners Inc. now owns 834,328 shares of the company’s stock valued at $69,591,000 after buying an additional 361,398 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 26.2% during the 2nd quarter. Benjamin Edwards Inc. now owns 714,877 shares of the company’s stock valued at $56,783,000 after acquiring an additional 148,218 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 16.3% during the 3rd quarter. AE Wealth Management LLC now owns 661,703 shares of the company’s stock valued at $55,193,000 after acquiring an additional 92,682 shares during the last quarter. Prism Advisors Inc. bought a new stake in shares of SPDR S&P 400 Mid Cap Value ETF in the second quarter worth approximately $6,875,000. Finally, MML Investors Services LLC raised its holdings in shares of SPDR S&P 400 Mid Cap Value ETF by 86.7% during the second quarter. MML Investors Services LLC now owns 152,886 shares of the company’s stock valued at $12,144,000 after purchasing an additional 70,997 shares during the last quarter.

SPDR S&P 400 Mid Cap Value ETF Stock Down 0.1%

Shares of NYSEARCA MDYV opened at $86.09 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of 15.85 and a beta of 1.05. SPDR S&P 400 Mid Cap Value ETF has a twelve month low of $65.86 and a twelve month high of $87.49. The company has a 50 day moving average of $83.84 and a 200 day moving average of $82.58.

SPDR S&P 400 Mid Cap Value ETF Company Profile

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.