SPDR S&P China ETF (NYSEARCA:GXC – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 129,693 shares, an increase of 121.9% from the April 30th total of 58,435 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average daily trading volume, of 32,384 shares, the days-to-cover ratio is currently 4.0 days.
SPDR S&P China ETF Stock Up 0.0%
Shares of NYSEARCA:GXC traded up $0.03 during midday trading on Friday, reaching $92.28. 32,066 shares of the company traded hands, compared to its average volume of 30,177. SPDR S&P China ETF has a 12 month low of $83.20 and a 12 month high of $107.01. The firm has a market capitalization of $466.01 million, a price-to-earnings ratio of 12.97 and a beta of 0.36. The firm’s fifty day moving average price is $94.65 and its two-hundred day moving average price is $97.96.
Institutional Trading of SPDR S&P China ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its stake in shares of SPDR S&P China ETF by 28.1% during the 1st quarter. First Trust Advisors LP now owns 11,193 shares of the company’s stock valued at $1,042,000 after purchasing an additional 2,452 shares during the period. Parallel Advisors LLC raised its stake in shares of SPDR S&P China ETF by 12.7% during the 1st quarter. Parallel Advisors LLC now owns 2,670 shares of the company’s stock valued at $249,000 after purchasing an additional 300 shares during the period. Assetmark Inc. raised its stake in shares of SPDR S&P China ETF by 0.8% during the 1st quarter. Assetmark Inc. now owns 221,133 shares of the company’s stock valued at $20,592,000 after purchasing an additional 1,660 shares during the period. Wealthfront Advisers LLC raised its stake in shares of SPDR S&P China ETF by 23.6% during the 1st quarter. Wealthfront Advisers LLC now owns 16,804 shares of the company’s stock valued at $1,565,000 after purchasing an additional 3,210 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in shares of SPDR S&P China ETF during the 1st quarter valued at $1,509,000.
SPDR S&P China ETF Company Profile
SPDR S&P China ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P/Citigroup BMI China Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in China, but legally available to foreign investors. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.
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