SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sees Significant Drop in Short Interest

SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 2,764,852 shares, a drop of 20.4% from the December 15th total of 3,473,372 shares. Based on an average daily volume of 1,437,782 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.5% of the shares of the company are sold short. Approximately 3.5% of the shares of the company are sold short. Based on an average daily volume of 1,437,782 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of SPDR EURO STOXX 50 ETF

Hedge funds have recently made changes to their positions in the company. Griffin Asset Management Inc. grew its stake in shares of SPDR EURO STOXX 50 ETF by 19.3% in the second quarter. Griffin Asset Management Inc. now owns 9,709 shares of the exchange traded fund’s stock valued at $580,000 after buying an additional 1,568 shares in the last quarter. Almanack Investment Partners LLC. lifted its position in SPDR EURO STOXX 50 ETF by 29.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 178,222 shares of the exchange traded fund’s stock worth $10,645,000 after acquiring an additional 40,728 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in SPDR EURO STOXX 50 ETF in the 3rd quarter worth approximately $542,000. Concord Asset Management LLC VA acquired a new stake in SPDR EURO STOXX 50 ETF in the second quarter valued at approximately $2,494,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of SPDR EURO STOXX 50 ETF by 77.1% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 14,885 shares of the exchange traded fund’s stock valued at $889,000 after purchasing an additional 6,480 shares during the period.

SPDR EURO STOXX 50 ETF Trading Up 0.3%

NYSEARCA:FEZ opened at $66.59 on Friday. SPDR EURO STOXX 50 ETF has a 12-month low of $47.63 and a 12-month high of $67.01. The stock’s 50 day simple moving average is $64.11 and its 200-day simple moving average is $61.98. The firm has a market cap of $5.32 billion, a P/E ratio of 16.43 and a beta of 1.06.

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.