SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Large Volume Increase – Should You Buy?

Shares of SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) saw unusually-high trading volume on Tuesday . Approximately 337,456 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 157,980 shares.The stock last traded at $77.91 and had previously closed at $78.06.

SPDR S&P 600 Small Cap Growth ETF Stock Up 0.9 %

The company has a 50 day simple moving average of $84.30 and a 200 day simple moving average of $90.65. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 18.47 and a beta of 1.08.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SLYG. Jane Street Group LLC grew its holdings in SPDR S&P 600 Small Cap Growth ETF by 299.6% during the 3rd quarter. Jane Street Group LLC now owns 15,510 shares of the company’s stock worth $1,444,000 after acquiring an additional 11,629 shares during the last quarter. US Bancorp DE lifted its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 7.3% during the fourth quarter. US Bancorp DE now owns 7,229 shares of the company’s stock worth $653,000 after purchasing an additional 493 shares during the period. JPMorgan Chase & Co. grew its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 26,267 shares of the company’s stock worth $2,446,000 after purchasing an additional 328 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in SPDR S&P 600 Small Cap Growth ETF by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,131 shares of the company’s stock valued at $283,000 after purchasing an additional 120 shares during the period. Finally, Truist Financial Corp increased its holdings in SPDR S&P 600 Small Cap Growth ETF by 12.1% in the fourth quarter. Truist Financial Corp now owns 133,602 shares of the company’s stock valued at $12,071,000 after purchasing an additional 14,456 shares during the period.

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.