SPDR S&P Capital Markets ETF (NYSEARCA:KCE) Sees Significant Growth in Short Interest

SPDR S&P Capital Markets ETF (NYSEARCA:KCE) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 9,474 shares, an increase of 123.7% from the April 30th total of 4,236 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 15,068 shares, the short-interest ratio is presently 0.6 days.

SPDR S&P Capital Markets ETF Price Performance

KCE stock traded up $0.79 during midday trading on Friday, reaching $151.93. 19,357 shares of the company’s stock traded hands, compared to its average volume of 21,468. The company has a market capitalization of $460.35 million, a P/E ratio of 21.50 and a beta of 1.24. SPDR S&P Capital Markets ETF has a fifty-two week low of $132.30 and a fifty-two week high of $162.25. The business has a 50-day moving average price of $146.95 and a two-hundred day moving average price of $148.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KCE. Qube Research & Technologies Ltd lifted its position in shares of SPDR S&P Capital Markets ETF by 226.2% during the second quarter. Qube Research & Technologies Ltd now owns 349 shares of the company’s stock worth $51,000 after purchasing an additional 242 shares in the last quarter. Montag A & Associates Inc. acquired a new position in shares of SPDR S&P Capital Markets ETF during the third quarter worth $113,000. Wells Fargo & Company MN acquired a new position in shares of SPDR S&P Capital Markets ETF during the fourth quarter worth $117,000. Advisory Services Network LLC acquired a new position in shares of SPDR S&P Capital Markets ETF during the third quarter worth $129,000. Finally, Barometer Capital Management Inc. lifted its position in shares of SPDR S&P Capital Markets ETF by 11.1% during the third quarter. Barometer Capital Management Inc. now owns 1,000 shares of the company’s stock worth $153,000 after purchasing an additional 100 shares in the last quarter.

About SPDR S&P Capital Markets ETF

The SPDR S&P Capital Markets ETF (the Fund), formerly SPDR KBW Capital Markets ETF, seeks to closely match the returns and characteristics of the S&P Capital Markets Select Industry Index. The S&P Capital Markets Select Industry Index is a float-adjusted, modified-market, capitalization-weighted index that seeks to reflect the performance of the United States publicly traded companies that do business as broker dealers, asset managers, trust and custody banks or exchanges. The S&P Capital Markets Select Industry Index consists of companies active in the United States capital markets that are listed on the New York Stock Exchange (NYSE), or another the United States national securities exchange (NASDAQ)/ National Market System (NMS).