SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sees Large Decrease in Short Interest
by Teresa Graham · The Cerbat GemSPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 1,382,281 shares, a decline of 56.9% from the April 30th total of 3,206,555 shares. Based on an average daily volume of 2,241,453 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.
SPDR Portfolio S&P 500 Value ETF Price Performance
Shares of NYSEARCA:SPYV remained flat at $60.75 on Tuesday. 2,234,800 shares of the stock traded hands, compared to its average volume of 3,527,392. SPDR Portfolio S&P 500 Value ETF has a 52 week low of $50.29 and a 52 week high of $61.33. The company has a fifty day moving average of $58.82 and a 200 day moving average of $58.05. The company has a market cap of $34.14 billion, a P/E ratio of 20.50 and a beta of 0.82.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Key Capital Management INC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at about $25,000. Highline Wealth Partners LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 229.2% in the fourth quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock valued at $26,000 after buying an additional 314 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at about $26,000. Abich Financial Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter valued at about $27,000. Finally, Meramec Financial Planners LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF in the first quarter valued at about $28,000.
About SPDR Portfolio S&P 500 Value ETF
SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 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 500 Index includes all 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 Capital Market with market capitalizations of $3.5 billion or more.