SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Sees Significant Increase in Short Interest

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 212,056 shares, a growth of 124.4% from the April 15th total of 94,491 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 353,425 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On SPDR S&P 600 Small Cap Value ETF

Large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P 600 Small Cap Value ETF during the 4th quarter worth about $32,000. Sunbelt Securities Inc. increased its holdings in SPDR S&P 600 Small Cap Value ETF by 369.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 366 shares of the company’s stock worth $32,000 after purchasing an additional 288 shares in the last quarter. Founders Financial Alliance LLC bought a new position in SPDR S&P 600 Small Cap Value ETF during the 3rd quarter worth about $33,000. Abound Financial LLC bought a new position in SPDR S&P 600 Small Cap Value ETF during the 4th quarter worth about $35,000. Finally, Park National Corp OH bought a new position in SPDR S&P 600 Small Cap Value ETF during the 1st quarter worth about $39,000.

SPDR S&P 600 Small Cap Value ETF Trading Down 1.4%

Shares of SPDR S&P 600 Small Cap Value ETF stock opened at $100.26 on Friday. The company has a market capitalization of $4.46 billion, a PE ratio of 14.20 and a beta of 1.01. SPDR S&P 600 Small Cap Value ETF has a 12 month low of $74.95 and a 12 month high of $104.37. The stock’s fifty day simple moving average is $97.95 and its 200 day simple moving average is $95.37.

About SPDR S&P 600 Small Cap Value ETF

SPDR S&P 600 Small Cap Value ETF, formerly SPDR Dow Jones Small Cap Value ETF, focuses to provide investment results, which correspond to the total return performance of an index, which tracks the performance of small capitalization exchange traded the United States equity securities exhibiting value characteristics. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.