SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Sees Large Decline in Short Interest

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 105,729 shares, a decline of 45.4% from the September 30th total of 193,754 shares. Based on an average trading volume of 220,337 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

SPDR S&P 600 Small Cap Value ETF Trading Down 0.8%

NYSEARCA:SLYV traded down $0.86 on Friday, hitting $105.95. 119,384 shares of the stock were exchanged, compared to its average volume of 236,887. The stock has a market cap of $4.85 billion, a PE ratio of 14.20 and a beta of 1.02. The stock has a fifty day moving average of $105.65 and a 200-day moving average of $103.18. SPDR S&P 600 Small Cap Value ETF has a fifty-two week low of $83.89 and a fifty-two week high of $112.40.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Goelzer Investment Management Inc. purchased a new stake in SPDR S&P 600 Small Cap Value ETF during the third quarter worth approximately $32,453,000. Rodgers & Associates LTD purchased a new position in shares of SPDR S&P 600 Small Cap Value ETF in the 3rd quarter valued at $32,344,000. Fragasso Financial Advisors Inc purchased a new position in shares of SPDR S&P 600 Small Cap Value ETF in the 3rd quarter valued at $31,517,000. Dean Jacobson Financial Services LLC acquired a new position in shares of SPDR S&P 600 Small Cap Value ETF during the 3rd quarter valued at $29,367,000. Finally, Brandywine Oak Private Wealth LLC acquired a new position in shares of SPDR S&P 600 Small Cap Value ETF during the 3rd quarter valued at $28,324,000.

About SPDR S&P 600 Small Cap Value ETF

SPDR S&P 600 Small Cap Value ETF, formerly SPDR Dow Jones Small Cap Value ETF, focuses to provide investment results, which correspond to the total return performance of an index, which tracks the performance of small capitalization exchange traded the United States equity securities exhibiting value characteristics. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.