SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Shares Shorted: Short Interest Down 65.1% in September

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 41,692 shares, a drop of 65.1% from the September 15th total of 119,321 shares. Based on an average daily volume of 116,262 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

Shares of NYSEARCA SLYG traded down $0.03 during midday trading on Monday, reaching $108.54. The company’s stock had a trading volume of 47,833 shares, compared to its average volume of 154,703. The company has a market cap of $4.81 billion, a P/E ratio of 20.14 and a beta of 1.05. The business’s 50 day moving average price is $112.84 and its two-hundred day moving average price is $110.51. SPDR S&P 600 Small Cap Growth ETF has a fifty-two week low of $88.67 and a fifty-two week high of $119.84.

Hedge Funds Weigh In On SPDR S&P 600 Small Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Roan Capital Partners grew its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 5.1% during the 3rd quarter. Roan Capital Partners now owns 45,013 shares of the company’s stock valued at $4,815,000 after purchasing an additional 2,196 shares during the last quarter. Friday Financial increased its position in SPDR S&P 600 Small Cap Growth ETF by 41.8% during the 3rd quarter. Friday Financial now owns 22,021 shares of the company’s stock worth $2,367,000 after purchasing an additional 6,488 shares in the last quarter. Fell Capital Management ADV bought a new position in SPDR S&P 600 Small Cap Growth ETF in the 3rd quarter valued at approximately $1,965,000. Balefire LLC bought a new position in SPDR S&P 600 Small Cap Growth ETF in the 3rd quarter valued at approximately $379,000. Finally, Journey Retirement Planning & Investment Management LLC lifted its stake in SPDR S&P 600 Small Cap Growth ETF by 12.2% in the 3rd quarter. Journey Retirement Planning & Investment Management LLC now owns 1,904 shares of the company’s stock valued at $204,000 after purchasing an additional 207 shares during the last quarter.

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. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.