SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) Short Interest Down 47.2% in March

SPDR Portfolio S&P 400 Mid Cap ETF (NYSEARCA:SPMD) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,234,765 shares, a decrease of 47.2% from the February 26th total of 2,338,947 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 4,710,987 shares, the short-interest ratio is presently 0.3 days.

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

Large investors have recently bought and sold shares of the company. Creative Planning increased its position in SPDR Portfolio S&P 400 Mid Cap ETF by 5.9% during the 3rd quarter. Creative Planning now owns 87,966,062 shares of the company’s stock valued at $5,030,779,000 after purchasing an additional 4,903,905 shares during the period. Auto Owners Insurance Co lifted its stake in SPDR Portfolio S&P 400 Mid Cap ETF by 7,307.1% in the fourth quarter. Auto Owners Insurance Co now owns 77,033,600 shares of the company’s stock valued at $4,461,016,000 after buying an additional 75,993,600 shares during the period. LPL Financial LLC boosted its holdings in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 1.4% during the 4th quarter. LPL Financial LLC now owns 12,844,472 shares of the company’s stock worth $743,823,000 after buying an additional 173,911 shares in the last quarter. Morgan Stanley grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 208.0% during the 4th quarter. Morgan Stanley now owns 9,824,255 shares of the company’s stock worth $568,923,000 after buying an additional 6,634,293 shares during the period. Finally, Valmark Advisers Inc. grew its position in shares of SPDR Portfolio S&P 400 Mid Cap ETF by 3.0% during the 4th quarter. Valmark Advisers Inc. now owns 7,041,736 shares of the company’s stock worth $407,787,000 after buying an additional 204,651 shares during the period. 61.70% of the stock is currently owned by institutional investors.

SPDR Portfolio S&P 400 Mid Cap ETF Stock Performance

Shares of NYSEARCA:SPMD opened at $58.91 on Friday. The company has a fifty day moving average of $61.18 and a 200-day moving average of $58.96. The company has a market capitalization of $15.46 billion, a PE ratio of 4.14 and a beta of 1.07. SPDR Portfolio S&P 400 Mid Cap ETF has a 52-week low of $43.99 and a 52-week high of $63.67.

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.