SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) Sees Significant Drop in Short Interest
by Michael Walen · The Markets DailySPDR EURO STOXX 50 ETF (NYSEARCA:FEZ – Get Free Report) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 2,764,852 shares, a drop of 20.4% from the December 15th total of 3,473,372 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily volume of 1,437,782 shares, the short-interest ratio is currently 1.9 days. Based on an average daily volume of 1,437,782 shares, the short-interest ratio is currently 1.9 days. Approximately 3.5% of the company’s stock are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd grew its stake in SPDR EURO STOXX 50 ETF by 200.0% during the 3rd quarter. Y.D. More Investments Ltd now owns 600 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 400 shares in the last quarter. MGB Wealth Management LLC boosted its stake in shares of SPDR EURO STOXX 50 ETF by 49.4% during the 3rd quarter. MGB Wealth Management LLC now owns 608 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 201 shares during the last quarter. Harbour Investments Inc. grew its position in shares of SPDR EURO STOXX 50 ETF by 84.9% during the second quarter. Harbour Investments Inc. now owns 871 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 400 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of SPDR EURO STOXX 50 ETF by 224.1% in the second quarter. Franklin Resources Inc. now owns 875 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 605 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in SPDR EURO STOXX 50 ETF by 255.2% in the second quarter. Allworth Financial LP now owns 1,094 shares of the exchange traded fund’s stock valued at $65,000 after acquiring an additional 786 shares in the last quarter.
SPDR EURO STOXX 50 ETF Price Performance
Shares of FEZ stock opened at $66.59 on Friday. SPDR EURO STOXX 50 ETF has a 12 month low of $47.63 and a 12 month high of $67.01. The firm has a market capitalization of $5.32 billion, a P/E ratio of 16.43 and a beta of 1.06. The company’s fifty day moving average price is $64.11 and its two-hundred day moving average price is $61.98.
About SPDR EURO STOXX 50 ETF
SPDR EURO STOXX 50 ETF (the Fund) seeks to replicate as closely as possible the price and yield of the EURO STOXX 50 Index (the Index). The Index is designed to represent the performance of some of the companies across components of the 20 EURO STOXX Supersector Indexes. The EURO STOXX Supersector Indexes are subsets of the EURO STOXX Index. The EURO STOXX Index is a broad liquid subset of the STOXX Europe 600 Index. The Index captures approximately 60% of the free-float market capitalization of the EURO STOXX Total Market Index, which in turn covers approximately 95% of the free float market capitalization of the represented countries.