SPDR S&P China ETF (NYSEARCA:GXC) Stock Short Interest Declines 43.5%

SPDR S&P China ETF (NYSEARCA:GXC) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 165,829 shares, a drop of 43.5% from the August 31st total of 293,281 shares. Based on an average trading volume of 36,178 shares, the days-to-cover ratio is currently 4.6 days. Currently, 3.2% of the company’s shares are sold short.

SPDR S&P China ETF Stock Up 0.6%

GXC traded up $0.53 during midday trading on Wednesday, reaching $86.77. The company had a trading volume of 12,284 shares, compared to its average volume of 27,194. The business has a 50-day moving average of $89.81 and a two-hundred day moving average of $91.56. The company has a market cap of $455.54 million, a P/E ratio of 12.97 and a beta of 0.35. SPDR S&P China ETF has a 1 year low of $85.03 and a 1 year high of $107.01.

Hedge Funds Weigh In On SPDR S&P China ETF

Institutional investors have recently modified their holdings of the business. State Street Corp lifted its position in SPDR S&P China ETF by 29.0% in the second quarter. State Street Corp now owns 571,688 shares of the company’s stock valued at $49,462,000 after acquiring an additional 128,618 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of SPDR S&P China ETF in the 1st quarter valued at $1,509,000. Prism Advisors Inc. boosted its position in SPDR S&P China ETF by 4.2% during the 1st quarter. Prism Advisors Inc. now owns 98,413 shares of the company’s stock worth $9,164,000 after purchasing an additional 4,012 shares during the period. Wealthfront Advisers LLC increased its position in shares of SPDR S&P China ETF by 23.6% during the first quarter. Wealthfront Advisers LLC now owns 16,804 shares of the company’s stock worth $1,565,000 after acquiring an additional 3,210 shares during the last quarter. Finally, Osborne Partners Capital Management LLC grew its stake in SPDR S&P China ETF by 1.5% in the first quarter. Osborne Partners Capital Management LLC now owns 195,364 shares of the company’s stock worth $18,192,000 after purchasing an additional 2,832 shares in the last quarter.

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.