SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG) Sees Significant Increase in Short Interest

by · The Cerbat Gem

SPDR S&P 400 Mid Cap Growth ETF (NYSEARCA:MDYG – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 106,448 shares, a growth of 60.0% from the August 31st total of 66,518 shares. Based on an average daily volume of 87,082 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the company’s shares are sold short.

SPDR S&P 400 Mid Cap Growth ETF Stock Down 0.3%

Shares of SPDR S&P 400 Mid Cap Growth ETF stock traded down $0.32 during mid-day trading on Wednesday, hitting $104.53. The stock had a trading volume of 84,176 shares, compared to its average volume of 89,822. The firm has a 50-day moving average of $108.21 and a two-hundred day moving average of $106.05. SPDR S&P 400 Mid Cap Growth ETF has a 12-month low of $87.09 and a 12-month high of $113.93. The firm has a market cap of $2.77 billion, a P/E ratio of 22.35 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. KERR FINANCIAL PLANNING Corp increased its stake in SPDR S&P 400 Mid Cap Growth ETF by 50.0% during the first quarter. KERR FINANCIAL PLANNING Corp now owns 342 shares of the company’s stock worth $34,000 after acquiring an additional 114 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of SPDR S&P 400 Mid Cap Growth ETF by 28.2% in the 2nd quarter. JFS Wealth Advisors LLC now owns 518 shares of the company’s stock valued at $58,000 after purchasing an additional 114 shares during the last quarter. Financial Life Planners acquired a new position in shares of SPDR S&P 400 Mid Cap Growth ETF in the 1st quarter valued at $62,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 1st quarter worth $73,000. Finally, Community Financial Services Group LLC purchased a new position in shares of SPDR S&P 400 Mid Cap Growth ETF during the 2nd quarter worth $84,000.

SPDR S&P 400 Mid Cap Growth ETF Company Profile

(Get Free Report)

SPDR S&P 400 Mid Cap Growth ETF, before expenses, seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The S&P MidCap 400 Growth Index measures the performance of the mid-capitalization growth sector in the United States equity market. The Index consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest growth characteristics based on: sales growth; earnings change to price, and momentum. 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 Capital Market with market capitalizations between $850 million and $3.8 billion.

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