SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) Sees Large Growth in Short Interest

SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 293,322 shares, a growth of 69.6% from the August 15th total of 172,964 shares. Based on an average trading volume of 36,420 shares, the short-interest ratio is currently 8.1 days. Approximately 3.0% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR S&P Emerging Markets SmallCap ETF

A number of hedge funds have recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC bought a new position in shares of SPDR S&P Emerging Markets SmallCap ETF during the 4th quarter worth $1,977,000. Northwestern Mutual Wealth Management Co. lifted its stake in SPDR S&P Emerging Markets SmallCap ETF by 429.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,531 shares of the company’s stock worth $1,676,000 after acquiring an additional 20,710 shares during the period. Brady Martz Wealth Solutions LLC lifted its stake in SPDR S&P Emerging Markets SmallCap ETF by 58.3% in the first quarter. Brady Martz Wealth Solutions LLC now owns 46,549 shares of the company’s stock worth $3,078,000 after acquiring an additional 17,143 shares during the period. Tenet Wealth Partners LLC purchased a new position in shares of SPDR S&P Emerging Markets SmallCap ETF in the second quarter worth about $1,092,000. Finally, Apella Capital LLC lifted its holdings in shares of SPDR S&P Emerging Markets SmallCap ETF by 12.2% during the first quarter. Apella Capital LLC now owns 137,577 shares of the company’s stock worth $9,097,000 after purchasing an additional 14,986 shares during the period.

SPDR S&P Emerging Markets SmallCap ETF Stock Performance

Shares of NYSEARCA EWX traded up $0.94 during midday trading on Thursday, hitting $72.01. 14,790 shares of the company’s stock traded hands, compared to its average volume of 35,997. The stock has a market capitalization of $648.81 million, a price-to-earnings ratio of 16.20 and a beta of 0.63. The firm has a fifty day moving average of $71.36 and a 200 day moving average of $71.33. SPDR S&P Emerging Markets SmallCap ETF has a 1 year low of $64.18 and a 1 year high of $76.61.

SPDR S&P Emerging Markets SmallCap ETF Company Profile

SPDR S&P Emerging Markets Small Cap ETF (the Fund) seeks to provide investment results that correspond generally to the total return performance of the S&P Emerging Markets Under USD2 Billion Index (the Index). The Index is a float-adjusted, market-cap weighted index that represents the small-capitalization segment of emerging countries included in the S&P Global BMI Index. The Global BMI Index captures the full universe of institutionally investable stocks in developed and emerging markets with float-adjusted market capitalizations of at least $100 million.