SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Short Interest Update

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 85,541 shares, a decline of 50.2% from the April 30th total of 171,660 shares. Based on an average daily volume of 119,288 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.

SPDR S&P 600 Small Cap Growth ETF Trading Down 0.6%

Shares of SLYG stock traded down $0.68 during trading hours on Wednesday, hitting $108.53. 57,161 shares of the company’s stock were exchanged, compared to its average volume of 181,895. The business’s 50 day simple moving average is $104.15 and its 200-day simple moving average is $99.99. SPDR S&P 600 Small Cap Growth ETF has a 12-month low of $85.20 and a 12-month high of $110.56. The company has a market capitalization of $4.69 billion, a PE ratio of 20.14 and a beta of 1.07.

Institutional Investors Weigh In On SPDR S&P 600 Small Cap Growth ETF

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in SPDR S&P 600 Small Cap Growth ETF by 1.2% during the 1st quarter. Royal Bank of Canada now owns 34,447 shares of the company’s stock valued at $2,859,000 after acquiring an additional 395 shares during the period. AQR Capital Management LLC purchased a new stake in SPDR S&P 600 Small Cap Growth ETF during the 1st quarter valued at approximately $203,000. Jane Street Group LLC purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the first quarter worth about $1,158,000. Quantinno Capital Management LP grew its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 12.7% in the second quarter. Quantinno Capital Management LP now owns 3,558 shares of the company’s stock valued at $316,000 after purchasing an additional 400 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 9.4% in the second quarter. Raymond James Financial Inc. now owns 247,628 shares of the company’s stock valued at $21,977,000 after purchasing an additional 21,187 shares in the last quarter.

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.