SPDR S&P China ETF (NYSEARCA:GXC) Short Interest Update

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

SPDR S&P China ETF Stock Down 0.4%

GXC traded down $0.33 during trading on Thursday, reaching $86.44. The company had a trading volume of 25,146 shares, compared to its average volume of 27,183. The stock has a market cap of $453.81 million, a P/E ratio of 12.97 and a beta of 0.35. The business has a 50 day simple moving average of $89.81 and a 200-day simple moving average of $91.56. SPDR S&P China ETF has a 52 week low of $85.03 and a 52 week high of $107.01.

Institutional Investors Weigh In On SPDR S&P China ETF

Several hedge funds and other institutional investors have recently made changes to their positions in GXC. Integrated Wealth Concepts LLC purchased a new position in shares of SPDR S&P China ETF during the 2nd quarter worth about $57,000. Harbour Investments Inc. bought a new position in SPDR S&P China ETF during the 4th quarter valued at about $99,000. IAG Wealth Partners LLC raised its position in SPDR S&P China ETF by 117.6% in the 4th quarter. IAG Wealth Partners LLC now owns 1,064 shares of the company’s stock worth $103,000 after purchasing an additional 575 shares during the period. Premier Financial Group purchased a new stake in SPDR S&P China ETF in the 2nd quarter worth about $108,000. Finally, Parallel Advisors LLC raised its position in SPDR S&P China ETF by 12.7% in the 1st quarter. Parallel Advisors LLC now owns 2,670 shares of the company’s stock worth $249,000 after purchasing an additional 300 shares during the period.

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.