SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 90,070 shares, a growth of 116.0% from the September 30th total of 41,692 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 148,540 shares, the short-interest ratio is presently 0.6 days.
Institutional Trading of SPDR S&P 600 Small Cap Growth ETF
A number of hedge funds and other institutional investors have recently modified their holdings of SLYG. Ackerman Capital Advisors LLC acquired a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the 3rd quarter worth $270,000. Salomon & Ludwin LLC acquired a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the third quarter worth $969,000. Walled Lake Planning & Wealth Management LLC lifted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 7.0% during the third quarter. Walled Lake Planning & Wealth Management LLC now owns 5,785 shares of the company’s stock valued at $619,000 after purchasing an additional 376 shares during the last quarter. Stevens Capital Partners lifted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 21.2% during the third quarter. Stevens Capital Partners now owns 37,561 shares of the company’s stock valued at $4,018,000 after purchasing an additional 6,567 shares during the last quarter. Finally, Intrua Financial LLC lifted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 3.3% during the third quarter. Intrua Financial LLC now owns 6,914 shares of the company’s stock valued at $740,000 after purchasing an additional 222 shares during the last quarter.
SPDR S&P 600 Small Cap Growth ETF Stock Down 1.6%
NYSEARCA SLYG traded down $1.75 on Friday, reaching $109.76. 118,066 shares of the stock traded hands, compared to its average volume of 160,803. The firm’s fifty day simple moving average is $110.02 and its 200 day simple moving average is $107.76. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 20.14 and a beta of 1.05. SPDR S&P 600 Small Cap Growth ETF has a 12 month low of $88.67 and a 12 month high of $119.84.
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.
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