Short Interest in SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Drops By 50.2%

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 85,541 shares, a drop of 50.2% from the April 30th total of 171,660 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 119,288 shares, the days-to-cover ratio is currently 0.7 days.

SPDR S&P 600 Small Cap Growth ETF Price Performance

SLYG stock traded down $0.46 on Monday, reaching $108.51. 119,623 shares of the company were exchanged, compared to its average volume of 183,821. SPDR S&P 600 Small Cap Growth ETF has a 12 month low of $84.49 and a 12 month high of $110.56. The stock’s fifty day moving average price is $104.15 and its 200 day moving average price is $99.99. The firm has a market capitalization of $4.69 billion, a PE ratio of 20.14 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SLYG. Stonebridge Wealth Management LLC lifted its stake in SPDR S&P 600 Small Cap Growth ETF by 2.2% during the first quarter. Stonebridge Wealth Management LLC now owns 4,467 shares of the company’s stock worth $432,000 after purchasing an additional 95 shares during the period. First City Capital Management Inc. raised its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 1.8% in the 1st quarter. First City Capital Management Inc. now owns 5,523 shares of the company’s stock worth $534,000 after buying an additional 95 shares in the last quarter. Freedom Investment Management Inc. raised its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 1.2% in the 4th quarter. Freedom Investment Management Inc. now owns 8,729 shares of the company’s stock worth $822,000 after buying an additional 103 shares in the last quarter. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 2.0% in the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 5,357 shares of the company’s stock worth $505,000 after buying an additional 103 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of SPDR S&P 600 Small Cap Growth ETF by 21.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 635 shares of the company’s stock worth $56,000 after buying an additional 110 shares in the last quarter.

About SPDR S&P 600 Small Cap Growth ETF

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.