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

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 73,252 shares, a growth of 156.6% from the January 15th total of 28,547 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 121,944 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 121,944 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SLYG. LPL Financial LLC raised its stake in SPDR S&P 600 Small Cap Growth ETF by 22.5% during the fourth quarter. LPL Financial LLC now owns 4,679,506 shares of the company’s stock worth $440,763,000 after acquiring an additional 858,073 shares during the period. Bank of America Corp DE grew its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 1.0% during the third quarter. Bank of America Corp DE now owns 1,858,812 shares of the company’s stock valued at $175,305,000 after purchasing an additional 19,194 shares during the last quarter. Morgan Stanley raised its position in shares of SPDR S&P 600 Small Cap Growth ETF by 33.8% during the 4th quarter. Morgan Stanley now owns 1,035,279 shares of the company’s stock worth $97,513,000 after purchasing an additional 261,431 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 1.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 999,347 shares of the company’s stock worth $88,627,000 after purchasing an additional 14,832 shares during the last quarter. Finally, Diversified Enterprises LLC boosted its position in SPDR S&P 600 Small Cap Growth ETF by 4.0% during the 4th quarter. Diversified Enterprises LLC now owns 519,004 shares of the company’s stock valued at $48,885,000 after purchasing an additional 19,815 shares during the period.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

Shares of SLYG stock traded up $1.24 during trading hours on Friday, hitting $101.81. 94,722 shares of the company were exchanged, compared to its average volume of 133,567. The business’s 50-day simple moving average is $98.49 and its two-hundred day simple moving average is $95.04. SPDR S&P 600 Small Cap Growth ETF has a one year low of $71.62 and a one year high of $103.49. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 20.14 and a beta of 1.09.

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.