SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Significant Decrease in Short Interest

SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 19,979 shares, a drop of 43.2% from the January 15th total of 35,194 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 32,004 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 32,004 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

SPDR NYSE Technology ETF Stock Up 1.0%

Shares of XNTK traded up $2.53 during trading hours on Friday, reaching $267.51. The stock had a trading volume of 21,616 shares, compared to its average volume of 36,281. The company has a market cap of $1.52 billion, a P/E ratio of 31.16 and a beta of 1.31. SPDR NYSE Technology ETF has a 52 week low of $159.43 and a 52 week high of $295.79. The firm has a 50-day moving average of $280.32 and a 200 day moving average of $270.06.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

A number of hedge funds have recently modified their holdings of the business. IFC & Insurance Marketing Inc. acquired a new position in shares of SPDR NYSE Technology ETF in the 4th quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC bought a new position in SPDR NYSE Technology ETF in the fourth quarter valued at approximately $28,000. Financial Gravity Companies Inc. bought a new position in SPDR NYSE Technology ETF in the second quarter valued at approximately $35,000. Qube Research & Technologies Ltd boosted its holdings in shares of SPDR NYSE Technology ETF by 351.5% in the second quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock valued at $35,000 after buying an additional 116 shares during the period. Finally, Allworth Financial LP bought a new stake in shares of SPDR NYSE Technology ETF during the second quarter worth $37,000.

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.