SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) Sees Significant Growth in Short Interest

SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 189,163 shares, a growth of 630.1% from the May 31st total of 25,909 shares. Based on an average daily trading volume, of 88,560 shares, the short-interest ratio is currently 2.1 days. Approximately 2.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RWX. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of SPDR Dow Jones International Real Estate ETF in the 4th quarter valued at $28,000. CIBC Private Wealth Group LLC increased its position in SPDR Dow Jones International Real Estate ETF by 41.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,140 shares of the company’s stock worth $32,000 after buying an additional 335 shares during the last quarter. Raymond James Financial Inc. acquired a new position in SPDR Dow Jones International Real Estate ETF during the second quarter worth $81,000. Strategic Wealth Advisors LLC bought a new position in SPDR Dow Jones International Real Estate ETF during the fourth quarter valued at about $93,000. Finally, Bank of Nova Scotia acquired a new stake in shares of SPDR Dow Jones International Real Estate ETF in the fourth quarter worth about $201,000. Institutional investors own 64.39% of the company’s stock.

SPDR Dow Jones International Real Estate ETF Stock Performance

Shares of RWX opened at $26.96 on Friday. The firm has a market cap of $261.24 million, a PE ratio of 18.85 and a beta of 0.76. The firm’s 50 day moving average price is $27.57 and its 200 day moving average price is $28.13. SPDR Dow Jones International Real Estate ETF has a twelve month low of $26.07 and a twelve month high of $30.47.

About SPDR Dow Jones International Real Estate ETF

SPDR Dow Jones International Real Estate ETF (the Fund), formerly SPDR DJ Wilshire International Real Estate ETF, seeks to closely match the returns and characteristics of the total return performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index (the Index), an equity index based upon the global (ex-US) real estate market. The Index is a float adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in developed and emerging countries excluding the United States.