Short Interest in SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Drops By 52.7%

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,606,638 shares, a decrease of 52.7% from the January 15th total of 3,397,928 shares. Based on an average daily trading volume, of 2,547,526 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.0% of the company’s shares are sold short. Currently, 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,547,526 shares, the days-to-cover ratio is presently 0.6 days.

SPDR EURO STOXX 50 ETF Price Performance

FEZ traded down $0.15 during trading on Friday, hitting $67.54. 994,122 shares of the stock traded hands, compared to its average volume of 2,123,400. The firm has a market capitalization of $5.40 billion, a P/E ratio of 16.43 and a beta of 1.06. SPDR EURO STOXX 50 ETF has a 12-month low of $47.63 and a 12-month high of $68.68. The firm has a 50-day moving average of $65.91 and a 200 day moving average of $63.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its holdings in SPDR EURO STOXX 50 ETF by 39.1% in the first quarter. NewEdge Advisors LLC now owns 5,906 shares of the exchange traded fund’s stock worth $321,000 after purchasing an additional 1,659 shares in the last quarter. Empowered Funds LLC bought a new stake in SPDR EURO STOXX 50 ETF during the first quarter worth about $3,006,000. Apollon Wealth Management LLC grew its holdings in SPDR EURO STOXX 50 ETF by 14.2% in the second quarter. Apollon Wealth Management LLC now owns 12,050 shares of the exchange traded fund’s stock worth $720,000 after purchasing an additional 1,500 shares during the period. Johnson Investment Counsel Inc. bought a new stake in shares of SPDR EURO STOXX 50 ETF in the 2nd quarter worth approximately $1,348,000. Finally, Sequoia Financial Advisors LLC grew its stake in shares of SPDR EURO STOXX 50 ETF by 55.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 35,929 shares of the exchange traded fund’s stock worth $2,146,000 after buying an additional 12,749 shares during the last quarter.

SPDR EURO STOXX 50 ETF Company Profile

SPDR EURO STOXX 50 ETF (the Fund) seeks to replicate as closely as possible the price and yield of the EURO STOXX 50 Index (the Index). The Index is designed to represent the performance of some of the companies across components of the 20 EURO STOXX Supersector Indexes. The EURO STOXX Supersector Indexes are subsets of the EURO STOXX Index. The EURO STOXX Index is a broad liquid subset of the STOXX Europe 600 Index. The Index captures approximately 60% of the free-float market capitalization of the EURO STOXX Total Market Index, which in turn covers approximately 95% of the free float market capitalization of the represented countries.