Short Interest in SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) Declines By 74.5%

SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 48,249 shares, a drop of 74.5% from the June 15th total of 189,163 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 18,261 shares, the short-interest ratio is presently 2.6 days.

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

A number of institutional investors have recently made changes to their positions in the company. Baker Avenue Asset Management LP lifted its stake in SPDR Dow Jones International Real Estate ETF by 8.3% during the fourth quarter. Baker Avenue Asset Management LP now owns 379,759 shares of the company’s stock worth $10,633,000 after purchasing an additional 29,126 shares during the last quarter. Strategic Wealth Advisors LLC bought a new stake in SPDR Dow Jones International Real Estate ETF during the fourth quarter valued at $93,000. Kohmann Bosshard Financial Services LLC bought a new stake in SPDR Dow Jones International Real Estate ETF during the fourth quarter valued at $28,000. Cetera Investment Advisers acquired a new stake in shares of SPDR Dow Jones International Real Estate ETF during the first quarter worth $386,000. Finally, Parallel Advisors LLC raised its holdings in shares of SPDR Dow Jones International Real Estate ETF by 20.0% during the first quarter. Parallel Advisors LLC now owns 14,115 shares of the company’s stock worth $376,000 after purchasing an additional 2,355 shares during the period. 64.39% of the stock is currently owned by institutional investors.

SPDR Dow Jones International Real Estate ETF Price Performance

NYSEARCA RWX remained flat at $27.17 on Monday. The company’s stock had a trading volume of 27,956 shares, compared to its average volume of 41,078. The company has a fifty day moving average price of $27.29 and a 200-day moving average price of $28.08. SPDR Dow Jones International Real Estate ETF has a 12-month low of $26.07 and a 12-month high of $30.47. The stock has a market capitalization of $275.50 million, a P/E ratio of 18.85 and a beta of 0.76.

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.