SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Sees Large Increase in Short Interest

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 82,776 shares, a growth of 42.4% from the December 31st total of 58,135 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 393,320 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 393,320 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

SPDR S&P 600 Small Cap Value ETF Price Performance

Shares of SPDR S&P 600 Small Cap Value ETF stock opened at $96.93 on Friday. SPDR S&P 600 Small Cap Value ETF has a 1 year low of $65.96 and a 1 year high of $100.08. The business has a 50 day moving average price of $93.78 and a 200 day moving average price of $89.24. The company has a market capitalization of $4.34 billion, a P/E ratio of 14.20 and a beta of 1.08.

Institutional Trading of SPDR S&P 600 Small Cap Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of SPDR S&P 600 Small Cap Value ETF by 4.5% during the third quarter. Bank of America Corp DE now owns 2,273,012 shares of the company’s stock valued at $201,502,000 after acquiring an additional 97,895 shares during the last quarter. Cannon Financial Strategists Inc. lifted its holdings in SPDR S&P 600 Small Cap Value ETF by 1.1% in the 2nd quarter. Cannon Financial Strategists Inc. now owns 952,755 shares of the company’s stock valued at $75,992,000 after purchasing an additional 10,593 shares in the last quarter. NorthRock Partners LLC lifted its holdings in SPDR S&P 600 Small Cap Value ETF by 4.9% in the 2nd quarter. NorthRock Partners LLC now owns 788,734 shares of the company’s stock valued at $62,910,000 after purchasing an additional 36,911 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of SPDR S&P 600 Small Cap Value ETF by 3.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 693,161 shares of the company’s stock worth $61,476,000 after purchasing an additional 20,476 shares during the last quarter. Finally, Symphony Financial Ltd. Co. grew its holdings in shares of SPDR S&P 600 Small Cap Value ETF by 1,467.7% during the second quarter. Symphony Financial Ltd. Co. now owns 585,013 shares of the company’s stock worth $46,953,000 after buying an additional 547,696 shares in the last quarter.

About SPDR S&P 600 Small Cap Value ETF

SPDR S&P 600 Small Cap Value ETF, formerly SPDR Dow Jones Small Cap Value ETF, focuses to provide investment results, which correspond to the total return performance of an index, which tracks the performance of small capitalization exchange traded the United States equity securities exhibiting value characteristics. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.