SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) Sees Significant Drop in Short Interest

SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 18,574 shares, a drop of 77.9% from the October 15th total of 83,991 shares. Based on an average daily trading volume, of 25,199 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

SPDR Dow Jones International Real Estate ETF Stock Down 0.4%

Shares of RWX stock opened at $26.16 on Thursday. The firm has a market cap of $233.84 million, a price-to-earnings ratio of 12.41 and a beta of 0.76. SPDR Dow Jones International Real Estate ETF has a 52-week low of $24.89 and a 52-week high of $30.47. The company’s 50 day moving average is $25.98 and its 200 day moving average is $27.47.

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

A number of hedge funds have recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in SPDR Dow Jones International Real Estate ETF by 7.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,520 shares of the company’s stock valued at $227,000 after buying an additional 606 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of SPDR Dow Jones International Real Estate ETF by 2.1% during the first quarter. Kestra Advisory Services LLC now owns 55,549 shares of the company’s stock worth $1,479,000 after acquiring an additional 1,147 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of SPDR Dow Jones International Real Estate ETF by 16.7% during the first quarter. Bank of Nova Scotia now owns 8,350 shares of the company’s stock valued at $222,000 after acquiring an additional 1,195 shares in the last quarter. Parallel Advisors LLC increased 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 valued at $376,000 after acquiring an additional 2,355 shares in the last quarter. Finally, Sachem Hill LLC increased its holdings in shares of SPDR Dow Jones International Real Estate ETF by 2.5% during the third quarter. Sachem Hill LLC now owns 101,725 shares of the company’s stock valued at $2,581,000 after acquiring an additional 2,528 shares in the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

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.