SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Down 82.9% in February

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 58,647 shares, a decline of 82.9% from the February 12th total of 343,678 shares. Based on an average daily volume of 53,671 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.1% of the shares of the stock are short sold. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily volume of 53,671 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of SPDR S&P Transportation ETF

A number of hedge funds have recently bought and sold shares of XTN. SHP Wealth Management purchased a new stake in SPDR S&P Transportation ETF in the 4th quarter worth approximately $35,000. Steward Partners Investment Advisory LLC lifted its stake in shares of SPDR S&P Transportation ETF by 98.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 517 shares of the company’s stock worth $47,000 after purchasing an additional 257 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of SPDR S&P Transportation ETF by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock worth $53,000 after purchasing an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of SPDR S&P Transportation ETF by 48.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 691 shares of the company’s stock worth $63,000 after purchasing an additional 226 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of SPDR S&P Transportation ETF during the fourth quarter worth $209,000.

SPDR S&P Transportation ETF Trading Down 0.9%

Shares of SPDR S&P Transportation ETF stock traded down $0.85 during mid-day trading on Tuesday, hitting $92.97. 15,318 shares of the stock were exchanged, compared to its average volume of 65,833. The stock has a market capitalization of $261.25 million, a price-to-earnings ratio of 16.16 and a beta of 1.41. SPDR S&P Transportation ETF has a twelve month low of $61.95 and a twelve month high of $106.66. The company has a 50-day simple moving average of $99.20 and a 200 day simple moving average of $90.97.

SPDR S&P Transportation ETF Company Profile

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.