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SLYV · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is State Street SPDR S&P 600 Small Cap Value ETF (SLYV) stock moving?
No news items or SEC filings were found for SLYV in the relevant window, so this view rests only on the 30-day price and volume data. The ETF rose from 105.05 (Oct 22) to 106.42 (Nov 10), about 1.3%, with a closing high of 107.98 on Nov 4. Price then fell 3.4% on Nov 5 to 104.31 on 304,894 shares, the second-largest volume day in the recent window after Oct 28. It slipped further to 103.86 on Nov 6, near the 103.4-104.0 area where it had traded in late October, and rebounded to 106.75 on Nov 9 and 106.42 on Nov 10. Volume on Oct 28 reached 1,465,146 shares, roughly nine times the typical 130,000-170,000 range, but no news explains it. Recent trading has been choppy, with the close swinging between roughly 104 and 108 without a clear trend. Without a catalyst, the evidence leans neither way.
About State Street SPDR S&P 600 Small Cap Value ETF
SLYV is a State Street SPDR ETF that holds the S&P SmallCap 600 stocks with the strongest value traits, such as low prices relative to book value, earnings and sales. It launched in 2000, charges about 0.15% a year, manages roughly $4.7 billion, and is spread across about 460 small companies, so no single holding is much more than about 1% of the fund.
How the fund works
The fund tries to match the S&P SmallCap 600 Value Index, which weights its holdings by market value, before fees. It usually keeps at least 80% of its assets in stocks from the index and may hold only part of the index if that still gives similar results. There is no leverage. Dividends are paid out each quarter, recently for a yield of roughly 2%. The index is rebalanced on a regular schedule. Its main risks are the bigger price swings of small companies and a tilt toward economically sensitive sectors such as financials, industrials, consumer discretionary and energy.
What usually moves SLYV
- Interest rates and borrowing costs for smaller firms
- US economic growth and recession fears
- Value vs. growth style rotation
- Regional bank and financial sector health
- Small-cap vs. large-cap investor sentiment