SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Stock Short Interest Rises 164.3%

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 193,754 shares, an increase of 164.3% from the September 15th total of 73,296 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 230,919 shares, the short-interest ratio is presently 0.8 days.

SPDR S&P 600 Small Cap Value ETF Stock Performance

SPDR S&P 600 Small Cap Value ETF stock traded up $0.02 during midday trading on Monday, reaching $103.02. 164,958 shares of the company were exchanged, compared to its average volume of 235,745. The firm’s 50-day simple moving average is $107.62 and its 200-day simple moving average is $105.10. SPDR S&P 600 Small Cap Value ETF has a 1 year low of $83.89 and a 1 year high of $112.40. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 14.20 and a beta of 1.02.

Institutional Investors Weigh In On SPDR S&P 600 Small Cap Value ETF

Several hedge funds have recently modified their holdings of the company. NorthRock Partners LLC raised its position in shares of SPDR S&P 600 Small Cap Value ETF by 4.5% in the 2nd quarter. NorthRock Partners LLC now owns 834,093 shares of the company’s stock worth $91,008,000 after buying an additional 36,181 shares during the period. Canandaigua National Bank & Trust Co. acquired a new position in SPDR S&P 600 Small Cap Value ETF in the second quarter valued at $23,930,000. Waverly Advisors LLC boosted its holdings in SPDR S&P 600 Small Cap Value ETF by 418.4% in the first quarter. Waverly Advisors LLC now owns 235,509 shares of the company’s stock valued at $22,274,000 after acquiring an additional 190,080 shares during the last quarter. One Day In July LLC boosted its holdings in SPDR S&P 600 Small Cap Value ETF by 8.8% in the first quarter. One Day In July LLC now owns 201,263 shares of the company’s stock valued at $19,035,000 after acquiring an additional 16,341 shares during the last quarter. Finally, Key Financial Inc grew its position in SPDR S&P 600 Small Cap Value ETF by 0.8% during the first quarter. Key Financial Inc now owns 183,039 shares of the company’s stock valued at $17,312,000 after acquiring an additional 1,369 shares during the period.

SPDR S&P 600 Small Cap Value ETF Company Profile

SPDR S&P 600 Small Cap Value ETF, formerly SPDR Dow Jones Small Cap Value ETF, focuses to provide investment results, which correspond to the total return performance of an index, which tracks the performance of small capitalization exchange traded the United States equity securities exhibiting value characteristics. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.