SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Strong Trading Volume – Here’s Why

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw unusually-high trading volume on Monday . Approximately 3,376,805 shares changed hands during trading, an increase of 1,416% from the previous session’s volume of 222,744 shares.The stock last traded at $100.2280 and had previously closed at $102.20.

SPDR S&P 600 Small Cap Growth ETF Price Performance

The stock’s 50 day simple moving average is $99.32 and its two-hundred day simple moving average is $95.77. The firm has a market cap of $3.85 billion, a P/E ratio of 20.14 and a beta of 1.09.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tempo Wealth LLC bought a new stake in SPDR S&P 600 Small Cap Growth ETF in the fourth quarter worth $2,257,000. MidFirst Bank purchased a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the 4th quarter worth about $122,000. Clear Retirement Advice LLC bought a new position in SPDR S&P 600 Small Cap Growth ETF in the 4th quarter worth about $1,111,000. Monetary Solutions Ltd purchased a new stake in SPDR S&P 600 Small Cap Growth ETF during the 4th quarter valued at about $29,000. Finally, Corient Private Wealth LLC increased its stake in SPDR S&P 600 Small Cap Growth ETF by 1,582.6% during the 4th quarter. Corient Private Wealth LLC now owns 45,482 shares of the company’s stock valued at $4,284,000 after purchasing an additional 42,779 shares in the last quarter.

About SPDR S&P 600 Small Cap Growth ETF

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.