Short Interest in SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) Drops By 50.2%

SPDR S&P 600 Small Cap Growth ETF (NYSEARCA:SLYG) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 85,541 shares, a decrease of 50.2% from the April 30th total of 171,660 shares. Based on an average daily trading volume, of 119,288 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

SPDR S&P 600 Small Cap Growth ETF Price Performance

Shares of SLYG traded down $0.46 during mid-day trading on Monday, reaching $108.51. The company had a trading volume of 119,623 shares, compared to its average volume of 183,821. The company has a market capitalization of $4.69 billion, a P/E ratio of 20.14 and a beta of 1.07. SPDR S&P 600 Small Cap Growth ETF has a twelve month low of $84.49 and a twelve month high of $110.56. The company’s 50-day moving average is $104.15 and its 200-day moving average is $99.99.

Institutional Trading of SPDR S&P 600 Small Cap Growth ETF

Several large investors have recently added to or reduced their stakes in SLYG. Stone House Investment Management LLC bought a new stake in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $26,000. Optima Capital LLC bought a new stake in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $28,000. Monetary Solutions Ltd bought a new stake in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $29,000. Finally, Laurel Wealth Advisors LLC bought a new stake in SPDR S&P 600 Small Cap Growth ETF during the fourth quarter worth about $30,000.

SPDR S&P 600 Small Cap Growth ETF Company Profile

SPDR S&P 600 Small Cap Growth ETF (the Fund), formerly SPDR Dow Jones Small Cap Growth ETF, seeks to closely match the returns and characteristics of the S&P Small Cap 600 Growth Index. The S&P SmallCap 600 Growth Index measures the performance of the small-capitalization growth sector in the United States equity market. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion.