SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) Sees Large Decrease in Short Interest

SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 12,228 shares, a drop of 60.2% from the September 15th total of 30,704 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 30,639 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On SPDR Dow Jones International Real Estate ETF

A number of institutional investors have recently added to or reduced their stakes in RWX. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of SPDR Dow Jones International Real Estate ETF by 7.7% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,520 shares of the company’s stock valued at $227,000 after buying an additional 606 shares during the period. Kestra Advisory Services LLC lifted its stake in SPDR Dow Jones International Real Estate ETF by 2.1% during the 1st quarter. Kestra Advisory Services LLC now owns 55,549 shares of the company’s stock valued at $1,479,000 after acquiring an additional 1,147 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of SPDR Dow Jones International Real Estate ETF by 16.7% in the 1st quarter. Bank of Nova Scotia now owns 8,350 shares of the company’s stock worth $222,000 after buying an additional 1,195 shares during the last quarter. Parallel Advisors LLC increased its position in shares of SPDR Dow Jones International Real Estate ETF by 20.0% during the 1st quarter. Parallel Advisors LLC now owns 14,115 shares of the company’s stock valued at $376,000 after purchasing an additional 2,355 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in SPDR Dow Jones International Real Estate ETF by 2.8% in the first quarter. Assetmark Inc. now owns 92,934 shares of the company’s stock valued at $2,474,000 after acquiring an additional 2,568 shares during the last quarter. Institutional investors and hedge funds own 64.39% of the company’s stock.

SPDR Dow Jones International Real Estate ETF Stock Performance

Shares of NYSEARCA:RWX traded down $0.16 during mid-day trading on Wednesday, hitting $25.09. 30,114 shares of the company traded hands, compared to its average volume of 39,065. The firm’s 50 day simple moving average is $26.75 and its 200 day simple moving average is $27.23. The firm has a market cap of $240.61 million, a P/E ratio of 18.85 and a beta of 0.75. SPDR Dow Jones International Real Estate ETF has a 52-week low of $24.89 and a 52-week high of $30.47.

SPDR Dow Jones International Real Estate ETF Company Profile

SPDR Dow Jones International Real Estate ETF (the Fund), formerly SPDR DJ Wilshire International Real Estate ETF, seeks to closely match the returns and characteristics of the total return performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index (the Index), an equity index based upon the global (ex-US) real estate market. The Index is a float adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries excluding the United States.