SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) Sees Significant Decline in Short Interest

SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 48,249 shares, a decline of 74.5% from the June 15th total of 189,163 shares. Based on an average daily trading volume, of 18,261 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Trading of SPDR Dow Jones International Real Estate ETF

Several large investors have recently modified their holdings of RWX. Kohmann Bosshard Financial Services LLC purchased a new stake in SPDR Dow Jones International Real Estate ETF in the 4th quarter valued at approximately $28,000. CIBC Private Wealth Group LLC increased its position in SPDR Dow Jones International Real Estate ETF by 41.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,140 shares of the company’s stock worth $32,000 after buying an additional 335 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR Dow Jones International Real Estate ETF in the second quarter worth $81,000. Strategic Wealth Advisors LLC acquired a new position in shares of SPDR Dow Jones International Real Estate ETF in the fourth quarter worth $93,000. Finally, Bank of Nova Scotia purchased a new stake in shares of SPDR Dow Jones International Real Estate ETF in the fourth quarter valued at $201,000. 64.39% of the stock is currently owned by institutional investors and hedge funds.

SPDR Dow Jones International Real Estate ETF Stock Performance

RWX traded up $0.13 on Friday, hitting $27.17. 11,662 shares of the company were exchanged, compared to its average volume of 41,180. The business’s fifty day moving average is $27.31 and its 200 day moving average is $28.09. SPDR Dow Jones International Real Estate ETF has a fifty-two week low of $26.07 and a fifty-two week high of $30.47. The firm has a market capitalization of $275.50 million, a P/E ratio of 18.85 and a beta of 0.76.

About SPDR Dow Jones International Real Estate ETF

SPDR Dow Jones International Real Estate ETF (the Fund), formerly SPDR DJ Wilshire International Real Estate ETF, seeks to closely match the returns and characteristics of the total return performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index (the Index), an equity index based upon the global (ex-US) real estate market. The Index is a float adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries excluding the United States.