SPDR S&P China ETF (NYSEARCA:GXC) Sees Large Increase in Short Interest

SPDR S&P China ETF (NYSEARCA:GXC) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 129,693 shares, a growth of 121.9% from the April 30th total of 58,435 shares. Based on an average daily trading volume, of 32,384 shares, the short-interest ratio is presently 4.0 days. Approximately 2.6% of the company’s shares are short sold.

SPDR S&P China ETF Stock Up 0.5%

Shares of NYSEARCA GXC traded up $0.48 during trading on Monday, hitting $92.76. 12,378 shares of the company traded hands, compared to its average volume of 30,004. SPDR S&P China ETF has a 1 year low of $83.75 and a 1 year high of $107.01. The company has a 50-day moving average price of $94.63 and a 200-day moving average price of $97.84. The firm has a market capitalization of $468.44 million, a P/E ratio of 12.97 and a beta of 0.36.

Hedge Funds Weigh In On SPDR S&P China ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. lifted its holdings in shares of SPDR S&P China ETF by 5,486,725.0% during the 4th quarter. Assetmark Inc. now owns 219,473 shares of the company’s stock valued at $21,247,000 after acquiring an additional 219,469 shares in the last quarter. swisspartners Advisors Ltd lifted its holdings in shares of SPDR S&P China ETF by 3.8% during the 4th quarter. swisspartners Advisors Ltd now owns 147,290 shares of the company’s stock valued at $14,267,000 after acquiring an additional 5,455 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of SPDR S&P China ETF by 72.9% during the 4th quarter. Wealthfront Advisers LLC now owns 13,594 shares of the company’s stock valued at $1,316,000 after acquiring an additional 5,731 shares in the last quarter. NewEdge Wealth LLC acquired a new position in shares of SPDR S&P China ETF during the 4th quarter valued at $1,573,000. Finally, Flow Traders U.S. LLC lifted its holdings in shares of SPDR S&P China ETF by 118.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 33,903 shares of the company’s stock valued at $3,559,000 after acquiring an additional 18,372 shares in the last quarter.

SPDR S&P China ETF Company Profile

SPDR S&P China ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P/Citigroup BMI China Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in China, but legally available to foreign investors. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.