SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) Stock Price Down 1.5% – Here’s What Happened

Shares of SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) dropped 1.5% on Wednesday . The company traded as low as $66.25 and last traded at $66.25. Approximately 20,680 shares traded hands during trading, a decline of 52% from the average daily volume of 43,225 shares. The stock had previously closed at $67.23.

SPDR S&P Emerging Markets SmallCap ETF Trading Down 2.5%

The company has a market cap of $733.94 million, a PE ratio of 16.20 and a beta of 0.64. The stock has a 50 day moving average price of $68.01 and a 200 day moving average price of $67.07.

Hedge Funds Weigh In On SPDR S&P Emerging Markets SmallCap ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EWX. Flow Traders U.S. LLC purchased a new position in shares of SPDR S&P Emerging Markets SmallCap ETF during the second quarter valued at approximately $1,142,000. Optima Capital LLC bought a new position in SPDR S&P Emerging Markets SmallCap ETF during the 3rd quarter valued at approximately $933,000. Cetera Investment Advisers boosted its holdings in SPDR S&P Emerging Markets SmallCap ETF by 21.7% in the second quarter. Cetera Investment Advisers now owns 34,052 shares of the company’s stock worth $2,112,000 after acquiring an additional 6,080 shares in the last quarter. 3EDGE Asset Management LP boosted its stake in SPDR S&P Emerging Markets SmallCap ETF by 339.5% in the 3rd quarter. 3EDGE Asset Management LP now owns 111,753 shares of the company’s stock worth $7,476,000 after purchasing an additional 86,328 shares in the last quarter. Finally, Waddell & Associates LLC grew its position in SPDR S&P Emerging Markets SmallCap ETF by 3.2% during the 3rd quarter. Waddell & Associates LLC now owns 647,051 shares of the company’s stock valued at $43,540,000 after purchasing an additional 19,913 shares during the last quarter.

About SPDR S&P Emerging Markets SmallCap ETF

SPDR S&P Emerging Markets Small Cap ETF (the Fund) seeks to provide investment results that correspond generally to the total return performance of the S&P Emerging Markets Under USD2 Billion Index (the Index). The Index is a float-adjusted, market-cap weighted index that represents the small-capitalization segment of emerging countries included in the S&P Global BMI Index. The Global BMI Index captures the full universe of institutionally investable stocks in developed and emerging markets with float-adjusted market capitalizations of at least $100 million.