SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) Sees Significant Drop in Short Interest

SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 30,704 shares, a decline of 48.1% from the August 31st total of 59,135 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 29,885 shares, the days-to-cover ratio is currently 1.0 days.

SPDR Dow Jones International Real Estate ETF Price Performance

RWX traded down $0.09 during trading on Wednesday, reaching $25.37. 21,346 shares of the stock were exchanged, compared to its average volume of 35,967. The company has a market capitalization of $243.30 million, a price-to-earnings ratio of 18.85 and a beta of 0.75. SPDR Dow Jones International Real Estate ETF has a 1 year low of $25.34 and a 1 year high of $30.47. The business’s 50 day moving average price is $27.30 and its two-hundred day moving average price is $27.40.

Institutional Investors Weigh In On SPDR Dow Jones International Real Estate ETF

Several institutional investors and hedge funds have recently made changes to their positions in RWX. Bank of Nova Scotia increased its holdings in SPDR Dow Jones International Real Estate ETF by 16.7% during the 1st quarter. Bank of Nova Scotia now owns 8,350 shares of the company’s stock valued at $222,000 after acquiring an additional 1,195 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of SPDR Dow Jones International Real Estate ETF by 7.7% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,520 shares of the company’s stock valued at $227,000 after purchasing an additional 606 shares in the last quarter. Lexington Hill Partners LLC purchased a new stake in shares of SPDR Dow Jones International Real Estate ETF in the fourth quarter valued at about $346,000. Fifth Third Bancorp grew its position in shares of SPDR Dow Jones International Real Estate ETF by 557.9% in the first quarter. Fifth Third Bancorp now owns 13,940 shares of the company’s stock valued at $371,000 after purchasing an additional 11,821 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of SPDR Dow Jones International Real Estate ETF by 20.0% in the first quarter. Parallel Advisors LLC now owns 14,115 shares of the company’s stock valued at $376,000 after purchasing an additional 2,355 shares during the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

About SPDR Dow Jones International Real Estate ETF

SPDR Dow Jones International Real Estate ETF (the Fund), formerly SPDR DJ Wilshire International Real Estate ETF, seeks to closely match the returns and characteristics of the total return performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index (the Index), an equity index based upon the global (ex-US) real estate market. The Index is a float adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries excluding the United States.