SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Significant Decline in Short Interest

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 190,300 shares, a decrease of 40.5% from the May 15th total of 319,700 shares. Based on an average daily trading volume, of 254,200 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of SPDR S&P 600 Small Cap Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 1.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 41,907 shares of the company’s stock valued at $3,478,000 after acquiring an additional 639 shares during the last quarter. Jane Street Group LLC acquired a new stake in SPDR S&P 600 Small Cap Growth ETF during the first quarter worth approximately $1,158,000. Arete Wealth Advisors LLC lifted its position in shares of SPDR S&P 600 Small Cap Growth ETF by 4.7% during the 1st quarter. Arete Wealth Advisors LLC now owns 13,401 shares of the company’s stock worth $1,112,000 after buying an additional 596 shares during the last quarter. Financial Strategies Group Inc. boosted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 0.8% in the 1st quarter. Financial Strategies Group Inc. now owns 69,908 shares of the company’s stock valued at $5,454,000 after buying an additional 551 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in SPDR S&P 600 Small Cap Growth ETF in the first quarter valued at $203,000.

SPDR S&P 600 Small Cap Growth ETF Price Performance

Shares of SLYG traded up $0.73 during midday trading on Monday, reaching $86.78. The stock had a trading volume of 92,085 shares, compared to its average volume of 166,991. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 19.71 and a beta of 1.09. The company’s fifty day simple moving average is $83.11 and its two-hundred day simple moving average is $87.66. SPDR S&P 600 Small Cap Growth ETF has a 1-year low of $71.62 and a 1-year high of $101.62.

SPDR S&P 600 Small Cap Growth ETF Company Profile

SPDR S&P 600 Small Cap Growth ETF (the Fund), formerly SPDR Dow Jones Small Cap Growth ETF, seeks to closely match the returns and characteristics of the S&P Small Cap 600 Growth Index. The S&P SmallCap 600 Growth Index measures the performance of the small-capitalization growth sector in the United States equity market.