SPDR S&P Capital Markets ETF (NYSEARCA:KCE) Short Interest Down 32.6% in March

SPDR S&P Capital Markets ETF (NYSEARCA:KCE) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 9,789 shares, a drop of 32.6% from the February 26th total of 14,523 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 16,668 shares, the short-interest ratio is presently 0.6 days.

SPDR S&P Capital Markets ETF Stock Performance

KCE stock traded up $1.44 during trading on Monday, hitting $134.06. The stock had a trading volume of 12,331 shares, compared to its average volume of 25,672. The stock has a market cap of $469.21 million, a price-to-earnings ratio of 21.50 and a beta of 1.26. The company’s 50 day moving average price is $145.64 and its two-hundred day moving average price is $148.71. SPDR S&P Capital Markets ETF has a 1-year low of $104.46 and a 1-year high of $162.25.

Hedge Funds Weigh In On SPDR S&P Capital Markets ETF

A number of institutional investors have recently modified their holdings of KCE. Qube Research & Technologies Ltd boosted its position in SPDR S&P Capital Markets ETF by 226.2% during the second quarter. Qube Research & Technologies Ltd now owns 349 shares of the company’s stock worth $51,000 after acquiring an additional 242 shares during the last quarter. Montag A & Associates Inc. acquired a new position in SPDR S&P Capital Markets ETF in the 3rd quarter valued at $113,000. Wells Fargo & Company MN purchased a new position in shares of SPDR S&P Capital Markets ETF during the 4th quarter worth $117,000. Advisory Services Network LLC purchased a new position in shares of SPDR S&P Capital Markets ETF during the 3rd quarter worth $129,000. Finally, Barometer Capital Management Inc. boosted its holdings in shares of SPDR S&P Capital Markets ETF by 11.1% during the third quarter. Barometer Capital Management Inc. now owns 1,000 shares of the company’s stock worth $153,000 after purchasing an additional 100 shares during the last quarter.

SPDR S&P Capital Markets ETF Company Profile

The SPDR S&P Capital Markets ETF (the Fund), formerly SPDR KBW Capital Markets ETF, seeks to closely match the returns and characteristics of the S&P Capital Markets Select Industry Index. The S&P Capital Markets Select Industry Index is a float-adjusted, modified-market, capitalization-weighted index that seeks to reflect the performance of the United States publicly traded companies that do business as broker dealers, asset managers, trust and custody banks or exchanges. The S&P Capital Markets Select Industry Index consists of companies active in the United States capital markets that are listed on the New York Stock Exchange (NYSE), or another the United States national securities exchange (NASDAQ)/ National Market System (NMS).