SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Large Decrease in Short Interest

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 85,541 shares, a drop of 50.2% from the April 30th total of 171,660 shares. Based on an average daily volume of 119,288 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of SPDR S&P 600 Small Cap Growth ETF

Several institutional investors have recently modified their holdings of SLYG. Stone House Investment Management LLC acquired a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the fourth quarter valued at about $26,000. Optima Capital LLC acquired a new position in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $28,000. Monetary Solutions Ltd acquired a new position in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $29,000. Finally, Laurel Wealth Advisors LLC acquired a new position in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $30,000.

SPDR S&P 600 Small Cap Growth ETF Stock Up 0.6%

Shares of NYSEARCA SLYG traded up $0.70 during trading on Tuesday, hitting $109.21. The company had a trading volume of 111,620 shares, compared to its average volume of 183,130. The stock has a fifty day simple moving average of $104.15 and a two-hundred day simple moving average of $99.99. SPDR S&P 600 Small Cap Growth ETF has a fifty-two week low of $85.20 and a fifty-two week high of $110.56. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 20.14 and a beta of 1.07.

SPDR S&P 600 Small Cap Growth ETF Company Profile

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.