Short Interest in SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Increases By 38.9%

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 131,390 shares, a growth of 38.9% from the January 29th total of 94,607 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 46,714 shares, the days-to-cover ratio is presently 2.8 days. Based on an average trading volume of 46,714 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MMA Asset Management LLC bought a new stake in SPDR S&P Semiconductor ETF in the third quarter valued at about $32,000. CIBC Private Wealth Group LLC acquired a new position in shares of SPDR S&P Semiconductor ETF during the 3rd quarter worth about $32,000. Valley National Advisers Inc. acquired a new position in shares of SPDR S&P Semiconductor ETF during the 4th quarter worth about $33,000. Strategic Advocates LLC increased its stake in shares of SPDR S&P Semiconductor ETF by 71.0% in the 4th quarter. Strategic Advocates LLC now owns 106 shares of the company’s stock valued at $34,000 after acquiring an additional 44 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of SPDR S&P Semiconductor ETF by 98.2% in the 3rd quarter. Bessemer Group Inc. now owns 111 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares during the last quarter.

SPDR S&P Semiconductor ETF Trading Down 1.7%

Shares of NYSEARCA:XSD opened at $351.04 on Monday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 33.47 and a beta of 1.60. SPDR S&P Semiconductor ETF has a 1-year low of $156.77 and a 1-year high of $373.89. The business has a 50-day moving average price of $349.22 and a two-hundred day moving average price of $328.91.

SPDR S&P Semiconductor ETF Company Profile

SPDR S&P Semiconductor ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Semiconductor Select Industry Index. The S&P Semiconductor Select Industry Index represents the Semiconductor sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.