SPDR S&P International Small Cap ETF (NYSEARCA:GWX) Sees Significant Growth in Short Interest

SPDR S&P International Small Cap ETF (NYSEARCA:GWX) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 115,150 shares, a growth of 2,329.3% from the April 30th total of 4,740 shares. Based on an average daily volume of 80,904 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.6% of the shares of the company are short sold.

SPDR S&P International Small Cap ETF Price Performance

GWX traded down $0.41 during trading hours on Wednesday, hitting $46.53. 22,496 shares of the stock were exchanged, compared to its average volume of 62,951. The stock has a market cap of $930.60 million, a price-to-earnings ratio of 14.22 and a beta of 0.85. SPDR S&P International Small Cap ETF has a 12 month low of $35.31 and a 12 month high of $47.28. The stock has a 50-day simple moving average of $44.58 and a 200-day simple moving average of $43.11.

Institutional Investors Weigh In On SPDR S&P International Small Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in SPDR S&P International Small Cap ETF by 3.2% in the third quarter. Envestnet Asset Management Inc. now owns 862,506 shares of the company’s stock valued at $34,655,000 after buying an additional 26,765 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in SPDR S&P International Small Cap ETF by 5.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 557,131 shares of the company’s stock valued at $22,764,000 after buying an additional 29,350 shares during the last quarter. Cetera Investment Advisers lifted its stake in SPDR S&P International Small Cap ETF by 0.3% in the first quarter. Cetera Investment Advisers now owns 550,392 shares of the company’s stock valued at $23,243,000 after buying an additional 1,772 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in SPDR S&P International Small Cap ETF by 3.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 545,696 shares of the company’s stock valued at $22,297,000 after buying an additional 18,541 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in SPDR S&P International Small Cap ETF by 1,491.5% in the second quarter. Orion Porfolio Solutions LLC now owns 467,240 shares of the company’s stock valued at $17,372,000 after buying an additional 437,881 shares during the last quarter.

About SPDR S&P International Small Cap ETF

SPDR S&P International Small Cap ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Developed Ex-U.S. Under USD2 Billion Index (the Index), an equity index based upon the world (excluding the United States) small-cap composite market. The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in developed countries outside the United States. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation.