Short Interest in SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Drops By 47.6%

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 38,359 shares, a decline of 47.6% from the January 29th total of 73,252 shares. Based on an average daily volume of 115,926 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 115,926 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SLYG. Stone House Investment Management LLC bought a new position in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter valued at $26,000. Optima Capital LLC bought a new stake in shares of SPDR S&P 600 Small Cap Growth ETF in the 4th quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR S&P 600 Small Cap Growth ETF during the 4th quarter valued at about $28,000. Monetary Solutions Ltd bought a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the 4th quarter valued at about $29,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the 2nd quarter valued at about $30,000.

SPDR S&P 600 Small Cap Growth ETF Stock Down 1.3%

SPDR S&P 600 Small Cap Growth ETF stock traded down $1.30 during midday trading on Friday, reaching $101.59. 141,148 shares of the stock traded hands, compared to its average volume of 212,932. The stock has a market cap of $3.82 billion, a P/E ratio of 20.14 and a beta of 1.09. The stock’s fifty day moving average is $99.56 and its 200-day moving average is $95.94. SPDR S&P 600 Small Cap Growth ETF has a 12 month low of $71.62 and a 12 month high of $103.49.

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.