Short Interest in SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Increases By 87.4%

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 53,026 shares, a growth of 87.4% from the February 26th total of 28,295 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 143,443 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On SPDR S&P 600 Small Cap Growth ETF

A number of large investors have recently made changes to their positions in SLYG. Royal Bank of Canada lifted its holdings in SPDR S&P 600 Small Cap Growth ETF by 1.2% during the 1st quarter. Royal Bank of Canada now owns 34,447 shares of the company’s stock worth $2,859,000 after purchasing an additional 395 shares in the last quarter. AQR Capital Management LLC purchased a new position in SPDR S&P 600 Small Cap Growth ETF during the 1st quarter valued at about $203,000. Jane Street Group LLC bought a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the first quarter valued at about $1,158,000. AlphaCore Capital LLC bought a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the second quarter valued at about $209,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the second quarter worth about $1,789,000.

SPDR S&P 600 Small Cap Growth ETF Stock Down 1.8%

SLYG traded down $1.71 on Thursday, hitting $95.70. The company’s stock had a trading volume of 161,830 shares, compared to its average volume of 191,269. SPDR S&P 600 Small Cap Growth ETF has a 12 month low of $71.62 and a 12 month high of $103.49. The firm has a market cap of $3.60 billion, a P/E ratio of 20.14 and a beta of 1.09. The company’s 50 day simple moving average is $99.63 and its 200-day simple moving average is $96.48.

About SPDR S&P 600 Small Cap Growth ETF

SPDR S&P 600 Small Cap Growth ETF (the Fund), formerly SPDR Dow Jones Small Cap Growth ETF, seeks to closely match the returns and characteristics of the S&P Small Cap 600 Growth Index. The S&P SmallCap 600 Growth Index measures the performance of the small-capitalization growth sector in the United States equity market. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.