MDY Stock Summary and Trading Ideas (SPDR S&P Midcap 400 ETF Trust | ARCA:MDY)

The SPDR S&P MidCap 400 ETF before expenses seeks to generally correspond to the price and yield performance of the S&P MidCap 400 IndexTM. Our approach is designed to provide portfolios with low portfolio turnover accurate tracking and lower costs.

SPDR S&P Midcap 400 ETF Trust trades on the ARCA stock market under the symbol MDY.

As of April 19, 2024, MDY stock price climbed to $518.28 with 932,817 million shares trading.

MDY has a beta of 1.13, meaning it tends to be more sensitive to market movements. MDY has a correlation of 0.73 to the broad based SPY ETF.

MDY has a market cap of $20.84 billion. This is considered a Large Cap stock.

In the last 3 years, MDY stock traded as high as $558.34 and as low as $398.11.

MDY has underperformed the market in the last year with a price return of +14.7% while the SPY ETF gained +21.2%. However, in the short term, MDY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.9% vs +4.3% return in SPY. But in the last 2 weeks, MDY shares have been beat by the market, returning -4.3% compared to an SPY return of -3.5%.

MDY support price is $511.02 and resistance is $522.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MDY stock will trade within this expected range on the day.