SPDR S&P China ETF (NYSEARCA:GXC) Shares Gap Down – What’s Next?

SPDR S&P China ETF (NYSEARCA:GXC)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $97.17, but opened at $85.54. SPDR S&P China ETF shares last traded at $85.90, with a volume of 51,174 shares changing hands.

SPDR S&P China ETF Price Performance

The company has a 50-day moving average price of $70.29 and a 200-day moving average price of $69.95. The firm has a market capitalization of $569.84 million, a PE ratio of 9.52 and a beta of 0.84.

Hedge Funds Weigh In On SPDR S&P China ETF

Large investors have recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new stake in shares of SPDR S&P China ETF in the second quarter valued at about $96,000. Optimum Investment Advisors grew its stake in SPDR S&P China ETF by 20.9% during the 1st quarter. Optimum Investment Advisors now owns 1,542 shares of the company’s stock valued at $101,000 after purchasing an additional 267 shares in the last quarter. 4Thought Financial Group Inc. acquired a new stake in SPDR S&P China ETF during the 2nd quarter valued at approximately $109,000. MONECO Advisors LLC acquired a new stake in SPDR S&P China ETF during the 4th quarter valued at approximately $298,000. Finally, CoreCap Advisors LLC acquired a new stake in SPDR S&P China ETF during the 2nd quarter valued at approximately $333,000.

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.