SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Update

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 45,321 shares, an increase of 52.8% from the December 15th total of 29,655 shares. Based on an average daily volume of 34,519 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.8% of the shares of the company are sold short. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 34,519 shares, the days-to-cover ratio is presently 1.3 days.

SPDR NYSE Technology ETF Price Performance

NYSEARCA:XNTK opened at $284.63 on Friday. The company has a market cap of $1.57 billion, a P/E ratio of 31.16 and a beta of 1.31. The firm’s fifty day moving average price is $278.80 and its two-hundred day moving average price is $264.73. SPDR NYSE Technology ETF has a one year low of $159.43 and a one year high of $295.79.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of SPDR NYSE Technology ETF during the fourth quarter worth approximately $28,000. Brookstone Capital Management acquired a new stake in SPDR NYSE Technology ETF during the 4th quarter worth approximately $256,000. Spire Wealth Management lifted its holdings in SPDR NYSE Technology ETF by 221.2% during the 4th quarter. Spire Wealth Management now owns 1,320 shares of the company’s stock worth $367,000 after purchasing an additional 909 shares during the last quarter. Tradewinds Capital Management LLC bought a new stake in SPDR NYSE Technology ETF in the 4th quarter valued at $141,000. Finally, CoreCap Advisors LLC grew its holdings in SPDR NYSE Technology ETF by 209.1% in the 4th quarter. CoreCap Advisors LLC now owns 1,116 shares of the company’s stock valued at $310,000 after buying an additional 755 shares in the last quarter.

SPDR NYSE Technology ETF Company Profile

SPDR Morgan Stanley Technology ETF (the Fund) seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors.