SPDR S&P China ETF (NYSEARCA:GXC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of SPDR S&P China ETF (NYSEARCA:GXC) saw unusually-high trading volume on Monday . Approximately 26,437 shares changed hands during mid-day trading, a decline of 10% from the previous session’s volume of 29,229 shares.The stock last traded at $81.33 and had previously closed at $79.86.

SPDR S&P China ETF Trading Up 2.4 %

The firm has a market cap of $549.56 million, a P/E ratio of 9.52 and a beta of 0.84. The stock’s fifty day moving average is $76.64 and its two-hundred day moving average is $75.18.

Hedge Funds Weigh In On SPDR S&P China ETF

A number of institutional investors have recently added to or reduced their stakes in GXC. GSB Wealth Management LLC purchased a new stake in SPDR S&P China ETF during the third quarter valued at about $75,000. Optimum Investment Advisors boosted its holdings in shares of SPDR S&P China ETF by 11.5% in the 3rd quarter. Optimum Investment Advisors now owns 1,799 shares of the company’s stock worth $148,000 after purchasing an additional 185 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of SPDR S&P China ETF by 424.4% during the 4th quarter. JPMorgan Chase & Co. now owns 4,122 shares of the company’s stock valued at $313,000 after purchasing an additional 3,336 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of SPDR S&P China ETF during the 4th quarter valued at about $488,000. Finally, Tradewinds Capital Management LLC bought a new stake in SPDR S&P China ETF in the 4th quarter worth approximately $709,000.

About SPDR S&P China ETF

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.