SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Shares Shorted: Short Interest Up 158.1% in October

by · The Markets Daily

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 3,332,246 shares, a growth of 158.1% from the September 30th total of 1,291,076 shares. Based on an average daily volume of 3,811,544 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are sold short.

SPDR Portfolio S&P 500 Value ETF Stock Down 0.8%

Shares of SPDR Portfolio S&P 500 Value ETF stock traded down $0.50 during mid-day trading on Friday, hitting $64.13. The stock had a trading volume of 2,516,746 shares, compared to its average volume of 2,860,058. The firm has a 50-day moving average of $62.88 and a two-hundred day moving average of $60.58. SPDR Portfolio S&P 500 Value ETF has a 12-month low of $54.44 and a 12-month high of $64.64. The firm has a market cap of $38.79 billion, a P/E ratio of 20.50 and a beta of 0.82.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPYV. The Manufacturers Life Insurance Company increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1,807.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,312,030 shares of the company’s stock valued at $383,708,000 after acquiring an additional 5,981,186 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter worth approximately $263,007,000. AlphaStar Capital Management LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the third quarter valued at approximately $133,231,000. Bell Bank purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the third quarter valued at approximately $106,035,000. Finally, Founders Financial Securities LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter worth approximately $95,818,000.

SPDR Portfolio S&P 500 Value ETF Company Profile

(Get Free Report)

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.

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