SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 90,070 shares, an increase of 116.0% from the September 30th total of 41,692 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 148,540 shares, the days-to-cover ratio is presently 0.6 days.
Hedge Funds Weigh In On SPDR S&P 600 Small Cap Growth ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Chicago Partners Investment Group LLC raised its holdings in SPDR S&P 600 Small Cap Growth ETF by 7.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 44,847 shares of the company’s stock valued at $4,825,000 after acquiring an additional 2,969 shares during the last quarter. Ackerman Capital Advisors LLC acquired a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the third quarter worth $270,000. Salomon & Ludwin LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the third quarter valued at $969,000. Walled Lake Planning & Wealth Management LLC grew its position in shares of SPDR S&P 600 Small Cap Growth ETF by 7.0% in the third quarter. Walled Lake Planning & Wealth Management LLC now owns 5,785 shares of the company’s stock valued at $619,000 after purchasing an additional 376 shares during the period. Finally, Stevens Capital Partners grew its position in shares of SPDR S&P 600 Small Cap Growth ETF by 21.2% in the third quarter. Stevens Capital Partners now owns 37,561 shares of the company’s stock valued at $4,018,000 after purchasing an additional 6,567 shares during the period.
SPDR S&P 600 Small Cap Growth ETF Stock Performance
SLYG stock traded down $1.75 during trading on Friday, hitting $109.76. The stock had a trading volume of 118,066 shares, compared to its average volume of 160,803. The company’s 50 day moving average price is $110.02 and its two-hundred day moving average price is $107.76. SPDR S&P 600 Small Cap Growth ETF has a 1-year low of $88.67 and a 1-year high of $119.84. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 20.14 and a beta of 1.05.
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.
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