MDYG Stock Summary and Trading Ideas (SPDR S&P 400 Mid Capgrowth ETF | ARCA:MDYG)

The 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 (ticker: SPTRMG). Our approach is designed to provide portfolios with low portfolio turnover accurate tracking and lower costs.

SPDR S&P 400 Mid Capgrowth ETF trades on the ARCA stock market under the symbol MDYG.

As of April 18, 2024, MDYG stock price declined to $81.23 with 77,037 million shares trading.

MDYG has a beta of 1.08, meaning it tends to be more sensitive to market movements. MDYG has a correlation of 0.75 to the broad based SPY ETF.

MDYG has a market cap of $2.88 billion. This is considered a Mid Cap stock.

In the last 3 years, MDYG stock traded as high as $87.69 and as low as $58.97.

MDYG has underperformed the market in the last year with a price return of +19.6% while the SPY ETF gained +22.3%. However, in the short term, MDYG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.9% vs +6.1% return in SPY. But in the last 2 weeks, MDYG shares have been beat by the market, returning -5.6% compared to an SPY return of -3.8%.

MDYG support price is $80.65 and resistance is $82.43 (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 MDYG stock will trade within this expected range on the day.