Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Expands By 59.9%

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 16,436 shares, an increase of 59.9% from the December 15th total of 10,276 shares. Based on an average daily volume of 19,368 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.2% of the shares of the stock are short sold. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 19,368 shares, the days-to-cover ratio is presently 0.8 days.

SPDR S&P Telecom ETF Stock Down 0.4%

XTL traded down $0.61 during trading on Friday, hitting $161.46. The company’s stock had a trading volume of 21,195 shares, compared to its average volume of 25,172. The firm’s 50 day moving average price is $150.50 and its two-hundred day moving average price is $140.07. SPDR S&P Telecom ETF has a 12 month low of $84.68 and a 12 month high of $163.99. The stock has a market capitalization of $234.12 million, a price-to-earnings ratio of 17.49 and a beta of 1.11.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of SPDR S&P Telecom ETF by 119.2% during the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after purchasing an additional 230 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of SPDR S&P Telecom ETF during the second quarter worth approximately $97,000. Envestnet Asset Management Inc. acquired a new position in SPDR S&P Telecom ETF in the second quarter valued at approximately $200,000. Parkwoods Wealth Partners LLC bought a new position in SPDR S&P Telecom ETF in the third quarter valued at approximately $206,000. Finally, Financial Management Professionals Inc. acquired a new stake in SPDR S&P Telecom ETF during the 3rd quarter worth $484,000.

SPDR S&P Telecom ETF Company Profile

The SPDR S&P Telecom ETF (XTL) is an exchange-traded fund that is based on the S&P Telecom Select Industry index. The fund tracks an equal-weighted index of US telecom companies selected by the S&P Committee. XTL was launched on Jan 26, 2011 and is managed by State Street.