SPDR S&P China ETF (NYSEARCA:GXC) Sees Significant Growth in Short Interest

SPDR S&P China ETF (NYSEARCA:GXC) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 129,693 shares, an increase of 121.9% from the April 30th total of 58,435 shares. Based on an average daily volume of 32,384 shares, the short-interest ratio is currently 4.0 days. Approximately 2.6% of the shares of the company are sold short.

Institutional Trading of SPDR S&P China ETF

Several hedge funds have recently made changes to their positions in the company. Assetmark Inc. raised its stake in shares of SPDR S&P China ETF by 0.8% in the first quarter. Assetmark Inc. now owns 221,133 shares of the company’s stock valued at $20,592,000 after buying an additional 1,660 shares during the period. State Street Corp raised its stake in shares of SPDR S&P China ETF by 74.9% in the fourth quarter. State Street Corp now owns 208,569 shares of the company’s stock valued at $20,192,000 after buying an additional 89,316 shares during the period. Osborne Partners Capital Management LLC raised its stake in shares of SPDR S&P China ETF by 1.5% in the first quarter. Osborne Partners Capital Management LLC now owns 195,364 shares of the company’s stock valued at $18,192,000 after buying an additional 2,832 shares during the period. swisspartners Advisors Ltd raised its stake in shares of SPDR S&P China ETF by 3.8% in the fourth quarter. swisspartners Advisors Ltd now owns 147,290 shares of the company’s stock valued at $14,267,000 after buying an additional 5,455 shares during the period. Finally, Prism Advisors Inc. raised its stake in shares of SPDR S&P China ETF by 4.2% in the first quarter. Prism Advisors Inc. now owns 98,413 shares of the company’s stock valued at $9,164,000 after buying an additional 4,012 shares during the period.

SPDR S&P China ETF Stock Up 0.0%

GXC stock traded up $0.03 during midday trading on Friday, hitting $92.28. The company’s stock had a trading volume of 32,066 shares, compared to its average volume of 30,177. The stock has a market cap of $466.01 million, a price-to-earnings ratio of 12.97 and a beta of 0.36. The stock’s 50-day moving average price is $94.65 and its 200 day moving average price is $97.96. SPDR S&P China ETF has a 1 year low of $83.20 and a 1 year high of $107.01.

About SPDR S&P China ETF

SPDR S&P China ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P/Citigroup BMI China Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in China, but legally available to foreign investors. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.