Short Interest in SPDR S&P Emerging Markets ex-China ETF (NASDAQ:XCNY) Increases By 66.8%

SPDR S&P Emerging Markets ex-China ETF (NASDAQ:XCNY) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 6,008 shares, a growth of 66.8% from the April 30th total of 3,602 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average trading volume of 582 shares, the days-to-cover ratio is presently 10.3 days.

SPDR S&P Emerging Markets ex-China ETF Price Performance

Shares of XCNY stock remained flat at $34.00 on Wednesday. The stock had a trading volume of 74 shares, compared to its average volume of 2,028. The stock has a market cap of $10.20 million, a price-to-earnings ratio of 16.83 and a beta of 0.69. SPDR S&P Emerging Markets ex-China ETF has a 52 week low of $25.00 and a 52 week high of $34.00. The business has a fifty day moving average of $31.07 and a 200-day moving average of $29.73.

Hedge Funds Weigh In On SPDR S&P Emerging Markets ex-China ETF

Several hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP bought a new stake in SPDR S&P Emerging Markets ex-China ETF during the third quarter worth about $205,000. Johnson Financial Group Inc. bought a new position in shares of SPDR S&P Emerging Markets ex-China ETF in the 1st quarter valued at about $207,000. Finally, Montag A & Associates Inc. acquired a new position in shares of SPDR S&P Emerging Markets ex-China ETF during the 1st quarter worth about $2,199,000.

SPDR S&P Emerging Markets ex-China ETF Company Profile

The SPDR S&P Emerging Markets ex-China ETF (XCNY) is an exchange-traded fund that is based on the S&P Emerging ex China BMI index. The fund tracks a market cap-weighted index of emerging market stocks, excluding China. The fund may include companies of any market capitalization, aiming for broad diversification. XCNY was launched on Sep 4, 2024 and is issued by State Street.