SPDR S&P Emerging Markets ex-China ETF (NASDAQ:XCNY) Sees Large Drop in Short Interest

SPDR S&P Emerging Markets ex-China ETF (NASDAQ:XCNY) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 5,268 shares, a drop of 47.6% from the July 30th total of 10,052 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average trading volume of 208 shares, the short-interest ratio is presently 25.3 days.

Institutional Investors Weigh In On SPDR S&P Emerging Markets ex-China ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XCNY. Susquehanna International Group LLP purchased a new position in shares of SPDR S&P Emerging Markets ex-China ETF during the third quarter valued at approximately $205,000. Johnson Financial Group Inc. acquired a new stake in SPDR S&P Emerging Markets ex-China ETF during the first quarter worth approximately $207,000. Finally, Montag A & Associates Inc. purchased a new stake in SPDR S&P Emerging Markets ex-China ETF in the 1st quarter worth approximately $2,199,000.

SPDR S&P Emerging Markets ex-China ETF Trading Down 0.6%

SPDR S&P Emerging Markets ex-China ETF stock opened at $33.62 on Friday. The stock has a 50-day moving average price of $32.92 and a 200 day moving average price of $31.73. SPDR S&P Emerging Markets ex-China ETF has a 52 week low of $25.77 and a 52 week high of $34.51. The stock has a market cap of $10.09 million, a PE ratio of 16.83 and a beta of 0.70.

SPDR S&P Emerging Markets ex-China ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.2763 per share. The ex-dividend date of this dividend was Monday, June 22nd.

About SPDR S&P Emerging Markets ex-China ETF

The SPDR S&P Emerging Markets ex-China ETF (XCNY) is an exchange-traded fund that is based on the S&P Emerging ex China BMI index. The fund tracks a market cap-weighted index of emerging market stocks, excluding China. The fund may include companies of any market capitalization, aiming for broad diversification. XCNY was launched on Sep 4, 2024 and is issued by State Street.