SPDR S&P China ETF (NYSEARCA:GXC) Sees Strong Trading Volume – Here’s Why

SPDR S&P China ETF (NYSEARCA:GXC) saw an uptick in trading volume on Monday . 70,554 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 100,071 shares.The stock last traded at $80.21 and had previously closed at $80.99.

SPDR S&P China ETF Stock Down 1.4 %

The stock has a 50-day moving average of $73.05 and a 200 day moving average of $70.95. The stock has a market cap of $531.27 million, a PE ratio of 9.52 and a beta of 0.84.

Institutional Investors Weigh In On SPDR S&P China ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. purchased a new position in shares of SPDR S&P China ETF in the second quarter valued at approximately $96,000. 4Thought Financial Group Inc. acquired a new stake in shares of SPDR S&P China ETF in the second quarter valued at $109,000. Optimum Investment Advisors boosted its holdings in SPDR S&P China ETF by 11.5% in the third quarter. Optimum Investment Advisors now owns 1,799 shares of the company’s stock valued at $148,000 after purchasing an additional 185 shares during the period. CoreCap Advisors LLC purchased a new stake in SPDR S&P China ETF during the 2nd quarter worth about $333,000. Finally, Worth Asset Management LLC purchased a new stake in shares of SPDR S&P China ETF during the second quarter worth approximately $360,000.

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.