Short Interest in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Expands By 52.9%

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 2,579,199 shares, an increase of 52.9% from the March 15th total of 1,686,374 shares. Currently, 3.8% of the company’s shares are short sold. Based on an average trading volume of 3,550,855 shares, the short-interest ratio is currently 0.7 days.

SPDR EURO STOXX 50 ETF Trading Down 0.7%

FEZ stock opened at $66.67 on Thursday. The business’s 50-day moving average price is $64.91 and its two-hundred day moving average price is $64.32. The firm has a market cap of $4.53 billion, a PE ratio of 16.43 and a beta of 0.98. SPDR EURO STOXX 50 ETF has a 1-year low of $52.81 and a 1-year high of $69.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in SPDR EURO STOXX 50 ETF by 39.1% in the first quarter. NewEdge Advisors LLC now owns 5,906 shares of the exchange traded fund’s stock valued at $321,000 after buying an additional 1,659 shares in the last quarter. Empowered Funds LLC bought a new position in SPDR EURO STOXX 50 ETF in the first quarter valued at approximately $3,006,000. Franklin Resources Inc. lifted its stake in SPDR EURO STOXX 50 ETF by 224.1% in the second quarter. Franklin Resources Inc. now owns 875 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 605 shares in the last quarter. Hsbc Holdings PLC lifted its stake in SPDR EURO STOXX 50 ETF by 43.4% in the second quarter. Hsbc Holdings PLC now owns 6,802 shares of the exchange traded fund’s stock valued at $406,000 after buying an additional 2,060 shares in the last quarter. Finally, Amundi lifted its stake in SPDR EURO STOXX 50 ETF by 54.2% in the second quarter. Amundi now owns 120,470 shares of the exchange traded fund’s stock valued at $7,232,000 after buying an additional 42,322 shares in the last quarter.

About SPDR EURO STOXX 50 ETF

SPDR EURO STOXX 50 ETF (the Fund) seeks to replicate as closely as possible the price and yield of the EURO STOXX 50 Index (the Index). The Index is designed to represent the performance of some of the companies across components of the 20 EURO STOXX Supersector Indexes. The EURO STOXX Supersector Indexes are subsets of the EURO STOXX Index. The EURO STOXX Index is a broad liquid subset of the STOXX Europe 600 Index. The Index captures approximately 60% of the free-float market capitalization of the EURO STOXX Total Market Index, which in turn covers approximately 95% of the free float market capitalization of the represented countries.