SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sees Significant Decrease in Short Interest

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 2,317,759 shares, a decrease of 40.2% from the May 31st total of 3,872,989 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily volume of 1,307,486 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FEZ. JPMorgan Chase & Co. grew its position in SPDR EURO STOXX 50 ETF by 10.5% in the fourth quarter. JPMorgan Chase & Co. now owns 8,766,780 shares of the exchange traded fund’s stock worth $564,493,000 after acquiring an additional 833,784 shares in the last quarter. Bank of America Corp DE raised its position in SPDR EURO STOXX 50 ETF by 6.9% during the first quarter. Bank of America Corp DE now owns 3,386,174 shares of the exchange traded fund’s stock valued at $210,214,000 after purchasing an additional 218,954 shares during the period. 1607 Capital Partners LLC lifted its stake in shares of SPDR EURO STOXX 50 ETF by 215.4% in the 4th quarter. 1607 Capital Partners LLC now owns 2,688,253 shares of the exchange traded fund’s stock valued at $173,097,000 after purchasing an additional 1,835,855 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of SPDR EURO STOXX 50 ETF by 40.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,432,911 shares of the exchange traded fund’s stock valued at $92,265,000 after purchasing an additional 411,606 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of SPDR EURO STOXX 50 ETF in the 4th quarter worth approximately $87,566,000.

SPDR EURO STOXX 50 ETF Stock Performance

Shares of NYSEARCA:FEZ traded down $0.78 on Wednesday, reaching $67.90. The company’s stock had a trading volume of 710,988 shares, compared to its average volume of 2,212,250. SPDR EURO STOXX 50 ETF has a 52-week low of $56.72 and a 52-week high of $70.52. The company has a market cap of $4.30 billion, a P/E ratio of 16.43 and a beta of 0.94. The company has a 50-day simple moving average of $67.28 and a 200 day simple moving average of $66.02.

SPDR EURO STOXX 50 ETF Company Profile

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.