SPDR S&P Emerging Markets ex-China ETF (NASDAQ:XCNY) Sees Significant Growth in Short Interest

SPDR S&P Emerging Markets ex-China ETF (NASDAQ:XCNY) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 12,902 shares, an increase of 60.9% from the August 31st total of 8,021 shares. Currently, 4.3% of the shares of the stock are short sold. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 11.7 days.

SPDR S&P Emerging Markets ex-China ETF Stock Performance

SPDR S&P Emerging Markets ex-China ETF stock opened at $33.43 on Friday. The firm has a market capitalization of $10.03 million, a price-to-earnings ratio of 16.83 and a beta of 0.71. SPDR S&P Emerging Markets ex-China ETF has a fifty-two week low of $26.94 and a fifty-two week high of $34.51. The stock’s fifty day moving average is $33.33 and its two-hundred day moving average is $32.35.

Institutional Investors Weigh In On SPDR S&P Emerging Markets ex-China ETF

A hedge fund recently bought a new stake in SPDR S&P Emerging Markets ex-China ETF stock. Johnson Financial Group Inc. bought a new stake in shares of SPDR S&P Emerging Markets ex-China ETF (NASDAQ:XCNY) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 7,200 shares of the company’s stock, valued at approximately $207,000. Johnson Financial Group Inc. owned approximately 2.40% of SPDR S&P Emerging Markets ex-China ETF at the end of the most recent quarter.

About SPDR S&P Emerging Markets ex-China ETF

The SPDR S&P Emerging Markets ex-China ETF (XCNY) is an exchange-traded fund that is based on the S&P Emerging ex China BMI index. The fund tracks a market cap-weighted index of emerging market stocks, excluding China. The fund may include companies of any market capitalization, aiming for broad diversification. XCNY was launched on Sep 4, 2024 and is issued by State Street.