SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Sees Significant Decline in Short Interest

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 37,364 shares, a decline of 33.8% from the December 15th total of 56,401 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 116,176 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 116,176 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SLYG. Avantax Advisory Services Inc. raised its stake in SPDR S&P 600 Small Cap Growth ETF by 16.9% in the 2nd quarter. Avantax Advisory Services Inc. now owns 77,643 shares of the company’s stock valued at $6,891,000 after acquiring an additional 11,208 shares during the period. Valmark Advisers Inc. purchased a new position in shares of SPDR S&P 600 Small Cap Growth ETF in the third quarter worth about $759,000. Bill Few Associates Inc. raised its position in shares of SPDR S&P 600 Small Cap Growth ETF by 24.1% in the second quarter. Bill Few Associates Inc. now owns 7,460 shares of the company’s stock valued at $662,000 after purchasing an additional 1,451 shares during the period. Dynamic Financial Group lifted its stake in shares of SPDR S&P 600 Small Cap Growth ETF by 21.9% during the 2nd quarter. Dynamic Financial Group now owns 18,864 shares of the company’s stock valued at $1,674,000 after buying an additional 3,395 shares in the last quarter. Finally, Stillwater Capital Advisors LLC boosted its holdings in SPDR S&P 600 Small Cap Growth ETF by 2.6% in the 2nd quarter. Stillwater Capital Advisors LLC now owns 32,207 shares of the company’s stock worth $2,858,000 after buying an additional 807 shares during the period.

SPDR S&P 600 Small Cap Growth ETF Stock Performance

Shares of SPDR S&P 600 Small Cap Growth ETF stock traded down $0.06 on Friday, hitting $100.73. The stock had a trading volume of 123,104 shares, compared to its average volume of 159,300. The stock has a 50 day moving average of $95.55 and a 200 day moving average of $93.69. The firm has a market capitalization of $3.80 billion, a P/E ratio of 20.14 and a beta of 1.09. SPDR S&P 600 Small Cap Growth ETF has a twelve month low of $71.62 and a twelve month high of $101.34.

About SPDR S&P 600 Small Cap Growth ETF

SPDR S&P 600 Small Cap Growth ETF (the Fund), formerly SPDR Dow Jones Small Cap Growth ETF, seeks to closely match the returns and characteristics of the S&P Small Cap 600 Growth Index. The S&P SmallCap 600 Growth Index measures the performance of the small-capitalization growth sector in the United States equity market. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.