SPDR S&P China ETF (NYSEARCA:GXC) Shares Shorted: Short Interest Down 43.5% in September

SPDR S&P China ETF (NYSEARCA:GXC) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 165,829 shares, a decrease of 43.5% from the August 31st total of 293,281 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average trading volume of 36,178 shares, the days-to-cover ratio is currently 4.6 days.

SPDR S&P China ETF Trading Up 0.6%

SPDR S&P China ETF stock traded up $0.53 on Wednesday, reaching $86.77. 12,284 shares of the stock were exchanged, compared to its average volume of 27,194. The stock has a market cap of $455.54 million, a PE ratio of 12.97 and a beta of 0.35. The firm has a fifty day moving average price of $89.81 and a two-hundred day moving average price of $91.56. SPDR S&P China ETF has a twelve month low of $85.03 and a twelve month high of $107.01.

Institutional Investors Weigh In On SPDR S&P China ETF

Several institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of SPDR S&P China ETF in the second quarter valued at approximately $57,000. Harbour Investments Inc. bought a new position in shares of SPDR S&P China ETF during the fourth quarter valued at $99,000. IAG Wealth Partners LLC lifted its holdings in SPDR S&P China ETF by 117.6% in the fourth quarter. IAG Wealth Partners LLC now owns 1,064 shares of the company’s stock valued at $103,000 after buying an additional 575 shares during the period. Premier Financial Group bought a new stake in SPDR S&P China ETF in the second quarter valued at $108,000. Finally, Parallel Advisors LLC grew its holdings in shares of SPDR S&P China ETF by 12.7% during the first quarter. Parallel Advisors LLC now owns 2,670 shares of the company’s stock valued at $249,000 after buying an additional 300 shares during the last quarter.

About SPDR S&P China ETF

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.