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 January. As of January 15th, there was short interest totaling 28,547 shares, a drop of 23.6% from the December 31st total of 37,364 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 162,952 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 162,952 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fortitude Financial LLC bought a new stake in SPDR S&P 600 Small Cap Growth ETF during the second quarter worth approximately $22,600,000. Bank of America Corp DE lifted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 4.5% during the second quarter. Bank of America Corp DE now owns 1,839,618 shares of the company’s stock worth $163,266,000 after purchasing an additional 79,326 shares during the period. Nvest Wealth Strategies Inc. purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the fourth quarter worth about $7,413,000. Equitable Holdings Inc. grew its position in shares of SPDR S&P 600 Small Cap Growth ETF by 33.5% during the 2nd quarter. Equitable Holdings Inc. now owns 307,958 shares of the company’s stock valued at $27,331,000 after acquiring an additional 77,360 shares during the period. Finally, PFG Private Wealth Management LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the third quarter worth about $7,123,000.

SPDR S&P 600 Small Cap Growth ETF Price Performance

SPDR S&P 600 Small Cap Growth ETF stock traded up $1.22 during trading hours on Monday, reaching $99.95. The stock had a trading volume of 142,763 shares, compared to its average volume of 142,427. The stock has a market cap of $3.77 billion, a PE ratio of 20.14 and a beta of 1.09. The company has a fifty day simple moving average of $97.44 and a 200-day simple moving average of $94.43. SPDR S&P 600 Small Cap Growth ETF has a 52 week low of $71.62 and a 52 week high of $102.81.

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.