Short Interest in SPDR S&P China ETF (NYSEARCA:GXC) Expands By 121.9%

SPDR S&P China ETF (NYSEARCA:GXC) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 129,693 shares, a growth of 121.9% from the April 30th total of 58,435 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 32,384 shares, the short-interest ratio is currently 4.0 days.

Institutional Trading of SPDR S&P China ETF

Large investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd boosted its holdings in shares of SPDR S&P China ETF by 136.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 491 shares of the company’s stock valued at $43,000 after acquiring an additional 283 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of SPDR S&P China ETF in the 4th quarter valued at $84,000. Harbour Investments Inc. purchased a new stake in shares of SPDR S&P China ETF in the 4th quarter valued at $99,000. IAG Wealth Partners LLC boosted its holdings in shares of SPDR S&P China ETF by 117.6% in the 4th quarter. IAG Wealth Partners LLC now owns 1,064 shares of the company’s stock valued at $103,000 after acquiring an additional 575 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of SPDR S&P China ETF in the 2nd quarter valued at $122,000.

SPDR S&P China ETF Trading Up 0.5%

Shares of GXC stock traded up $0.48 during trading hours on Tuesday, hitting $92.76. The company’s stock had a trading volume of 12,378 shares, compared to its average volume of 30,004. The company has a 50 day moving average of $94.63 and a 200 day moving average of $97.84. The stock has a market cap of $468.44 million, a PE ratio of 12.97 and a beta of 0.36. SPDR S&P China ETF has a 12-month low of $83.75 and a 12-month high of $107.01.

SPDR S&P China ETF Company Profile

SPDR S&P China ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P/Citigroup BMI China Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in China, but legally available to foreign investors. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.