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

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 57,186 shares, a drop of 73.0% from the April 30th total of 212,056 shares. Based on an average trading volume of 237,423 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

SPDR S&P 600 Small Cap Value ETF Stock Down 0.8%

Shares of NYSEARCA SLYV traded down $0.85 during midday trading on Friday, hitting $104.37. The company had a trading volume of 126,621 shares, compared to its average volume of 265,165. SPDR S&P 600 Small Cap Value ETF has a twelve month low of $75.61 and a twelve month high of $105.62. The business has a 50-day simple moving average of $99.73 and a two-hundred day simple moving average of $96.37. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 14.20 and a beta of 1.01.

Hedge Funds Weigh In On SPDR S&P 600 Small Cap Value ETF

A number of institutional investors have recently modified their holdings of SLYV. Morningstar Investment Management LLC purchased a new stake in SPDR S&P 600 Small Cap Value ETF in the third quarter valued at approximately $35,515,000. Dean Jacobson Financial Services LLC purchased a new stake in SPDR S&P 600 Small Cap Value ETF in the third quarter valued at approximately $24,536,000. OpenArc Corporate Advisory LLC purchased a new stake in SPDR S&P 600 Small Cap Value ETF in the fourth quarter valued at approximately $23,409,000. WCG Wealth Advisors LLC grew its holdings in SPDR S&P 600 Small Cap Value ETF by 180.6% in the fourth quarter. WCG Wealth Advisors LLC now owns 370,199 shares of the company’s stock valued at $33,678,000 after purchasing an additional 238,253 shares during the period. Finally, Waverly Advisors LLC grew its stake in SPDR S&P 600 Small Cap Value ETF by 418.4% during the first quarter. Waverly Advisors LLC now owns 235,509 shares of the company’s stock worth $22,274,000 after buying an additional 190,080 shares during the period.

SPDR S&P 600 Small Cap Value ETF Company Profile

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.