SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) Sees Significant Increase in Short Interest

SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 293,322 shares, an increase of 69.6% from the August 15th total of 172,964 shares. Based on an average daily trading volume, of 36,420 shares, the days-to-cover ratio is presently 8.1 days. Currently, 3.0% of the company’s stock are sold short.

SPDR S&P Emerging Markets SmallCap ETF Stock Performance

Shares of NYSEARCA:EWX traded up $0.20 during mid-day trading on Wednesday, hitting $71.07. 12,694 shares of the company traded hands, compared to its average volume of 36,117. The firm has a market cap of $640.34 million, a P/E ratio of 16.20 and a beta of 0.63. SPDR S&P Emerging Markets SmallCap ETF has a 52-week low of $64.18 and a 52-week high of $76.61. The firm’s 50 day simple moving average is $71.36 and its 200 day simple moving average is $71.33.

Institutional Trading of SPDR S&P Emerging Markets SmallCap ETF

A number of hedge funds have recently made changes to their positions in the company. Apella Capital LLC lifted its position in shares of SPDR S&P Emerging Markets SmallCap ETF by 12.2% during the first quarter. Apella Capital LLC now owns 137,577 shares of the company’s stock worth $9,097,000 after purchasing an additional 14,986 shares in the last quarter. Welch Financial Planning LLC grew its holdings in SPDR S&P Emerging Markets SmallCap ETF by 2.6% during the 1st quarter. Welch Financial Planning LLC now owns 84,274 shares of the company’s stock valued at $5,572,000 after purchasing an additional 2,139 shares in the last quarter. Johnson Financial Group LLC grew its holdings in SPDR S&P Emerging Markets SmallCap ETF by 25.9% during the 4th quarter. Johnson Financial Group LLC now owns 60,964 shares of the company’s stock valued at $4,003,000 after purchasing an additional 12,542 shares in the last quarter. rebel Financial LLC increased its stake in SPDR S&P Emerging Markets SmallCap ETF by 1.0% during the 1st quarter. rebel Financial LLC now owns 60,209 shares of the company’s stock worth $3,981,000 after buying an additional 575 shares during the period. Finally, Cetera Investment Advisers increased its stake in SPDR S&P Emerging Markets SmallCap ETF by 14.0% during the 1st quarter. Cetera Investment Advisers now owns 49,414 shares of the company’s stock worth $3,267,000 after buying an additional 6,076 shares during the period.

About SPDR S&P Emerging Markets SmallCap ETF

SPDR S&P Emerging Markets Small Cap ETF (the Fund) seeks to provide investment results that correspond generally to the total return performance of the S&P Emerging Markets Under USD2 Billion Index (the Index). The Index is a float-adjusted, market-cap weighted index that represents the small-capitalization segment of emerging countries included in the S&P Global BMI Index. The Global BMI Index captures the full universe of institutionally investable stocks in developed and emerging markets with float-adjusted market capitalizations of at least $100 million.