SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) Stock Short Interest Rises 586.9%

SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 83,991 shares, an increase of 586.9% from the September 30th total of 12,228 shares. Based on an average daily trading volume, of 90,477 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.9% of the shares of the stock are short sold.

SPDR Dow Jones International Real Estate ETF Price Performance

Shares of NYSEARCA RWX traded down $0.05 during mid-day trading on Tuesday, hitting $25.90. The company’s stock had a trading volume of 3,576 shares, compared to its average volume of 38,462. The stock has a market cap of $231.55 million, a price-to-earnings ratio of 18.85 and a beta of 0.75. SPDR Dow Jones International Real Estate ETF has a one year low of $24.89 and a one year high of $30.47. The company’s fifty day simple moving average is $26.38 and its 200-day simple moving average is $27.63.

Hedge Funds Weigh In On SPDR Dow Jones International Real Estate ETF

Several hedge funds have recently modified their holdings of the stock. State Street Corp increased its holdings in SPDR Dow Jones International Real Estate ETF by 86.0% during the second quarter. State Street Corp now owns 1,039,777 shares of the company’s stock worth $28,084,000 after buying an additional 480,764 shares during the last quarter. Innova Wealth Partners acquired a new stake in SPDR Dow Jones International Real Estate ETF in the third quarter valued at $1,049,000. Financial & Tax Architects LLC bought a new position in shares of SPDR Dow Jones International Real Estate ETF in the 3rd quarter valued at about $422,000. Cetera Investment Advisers bought a new position in shares of SPDR Dow Jones International Real Estate ETF in the 1st quarter valued at about $386,000. Finally, Fifth Third Bancorp raised its holdings in shares of SPDR Dow Jones International Real Estate ETF by 557.9% in the 1st quarter. Fifth Third Bancorp now owns 13,940 shares of the company’s stock valued at $371,000 after purchasing an additional 11,821 shares during the period. Institutional investors own 64.39% of the company’s stock.

SPDR Dow Jones International Real Estate ETF Company Profile

SPDR Dow Jones International Real Estate ETF (the Fund), formerly SPDR DJ Wilshire International Real Estate ETF, seeks to closely match the returns and characteristics of the total return performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index (the Index), an equity index based upon the global (ex-US) real estate market. The Index is a float adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries excluding the United States.