SPDR S&P China ETF (NYSEARCA:GXC) Sees Large Decline in Short Interest

SPDR S&P China ETF (NYSEARCA:GXC) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 165,829 shares, a decrease of 43.5% from the August 31st total of 293,281 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 36,178 shares, the short-interest ratio is currently 4.6 days.

Institutional Investors Weigh In On SPDR S&P China ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GXC. State Street Corp grew its stake in shares of SPDR S&P China ETF by 29.0% during the 2nd quarter. State Street Corp now owns 571,688 shares of the company’s stock worth $49,462,000 after acquiring an additional 128,618 shares in the last quarter. Assetmark Inc. increased its holdings in SPDR S&P China ETF by 0.8% during the first quarter. Assetmark Inc. now owns 221,133 shares of the company’s stock worth $20,592,000 after buying an additional 1,660 shares during the last quarter. Osborne Partners Capital Management LLC raised its position in SPDR S&P China ETF by 1.5% during the first quarter. Osborne Partners Capital Management LLC now owns 195,364 shares of the company’s stock worth $18,192,000 after acquiring an additional 2,832 shares in the last quarter. Prism Advisors Inc. lifted its stake in SPDR S&P China ETF by 4.2% in the first quarter. Prism Advisors Inc. now owns 98,413 shares of the company’s stock valued at $9,164,000 after acquiring an additional 4,012 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in SPDR S&P China ETF by 7.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 33,465 shares of the company’s stock valued at $2,895,000 after acquiring an additional 2,350 shares during the last quarter.

SPDR S&P China ETF Stock Performance

GXC stock traded down $0.99 during midday trading on Friday, hitting $85.45. 6,873 shares of the company’s stock were exchanged, compared to its average volume of 27,061. The stock’s fifty day moving average price is $89.77 and its 200-day moving average price is $91.49. The company has a market cap of $448.60 million, a PE ratio of 12.97 and a beta of 0.35. SPDR S&P China ETF has a one year low of $85.03 and a one year high of $106.42.

SPDR S&P China ETF Company Profile

SPDR S&P China ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P/Citigroup BMI China Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in China, but legally available to foreign investors. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.