SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Short Interest Update

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 123,243 shares, an increase of 132.4% from the March 15th total of 53,026 shares. Based on an average daily volume of 156,772 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its stake in SPDR S&P 600 Small Cap Growth ETF by 172.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,980 shares of the company’s stock valued at $752,000 after purchasing an additional 5,046 shares during the last quarter. Corient Private Wealth LLC raised its stake in SPDR S&P 600 Small Cap Growth ETF by 1,623.0% in the 4th quarter. Corient Private Wealth LLC now owns 46,574 shares of the company’s stock valued at $4,387,000 after purchasing an additional 43,871 shares during the last quarter. SHP Wealth Management acquired a new position in SPDR S&P 600 Small Cap Growth ETF in the 4th quarter valued at $235,000. Tempo Wealth LLC acquired a new position in SPDR S&P 600 Small Cap Growth ETF in the 4th quarter valued at $2,257,000. Finally, MidFirst Bank acquired a new position in SPDR S&P 600 Small Cap Growth ETF in the 4th quarter valued at $122,000.

SPDR S&P 600 Small Cap Growth ETF Price Performance

NYSEARCA SLYG traded up $1.33 during mid-day trading on Monday, hitting $103.49. The stock had a trading volume of 96,303 shares, compared to its average volume of 184,699. The firm’s 50 day moving average is $99.24 and its 200 day moving average is $96.82. SPDR S&P 600 Small Cap Growth ETF has a twelve month low of $75.29 and a twelve month high of $103.62. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 20.14 and a beta of 1.05.

SPDR S&P 600 Small Cap Growth ETF Company Profile

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.