Behind The Gains
MDY closed today at $308.36 per share, up $4.55 (+1.50%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $1.45 (+0.64%) on the day.
MDY’s trading volume today was a total of 2,493,080 shares, which was an increase of 73% versus its average daily trading volume of 1,444,692. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.
Including any dividends as well as today’s gains, MDY has now returned a total of 2.2% year-to-date, versus a 1.82% gain in the S&P 500 during the same timeframe.
A Look Under The Hood
SPDR MidCap 400 ETF is an Equity-focused product issued by State Street Global Advisors. Its expense ratio of 0.25% makes it the #7 cheapest ETF among 24 total funds in the Mid Cap Blend ETFs category.
MDY currently boasts $18.80B in assets under management (AUM), placing it #2 of 24 ETFs in its category, and #27 of 1922 total ETFs in the U.S. exchange traded universe.
The investment objective of the SPDR S&P MidCap 400 ETF is to provide investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Index.
MDY SMART Grade
For more information about this ETF, including full ratings, news, data, and more, please visit MDY’s ticker page.
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