SPDR S&P Software & Services ETF (NYSEARCA:XSW – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 124,784 shares, a growth of 66.1% from the July 15th total of 75,136 shares. Approximately 5.1% of the company’s stock are short sold. Based on an average daily volume of 47,165 shares, the days-to-cover ratio is currently 2.6 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Trust Services Inc. acquired a new position in shares of SPDR S&P Software & Services ETF during the fourth quarter worth $802,000. Royal Bank of Canada lifted its holdings in shares of SPDR S&P Software & Services ETF by 300.9% during the 1st quarter. Royal Bank of Canada now owns 24,558 shares of the company’s stock valued at $3,495,000 after purchasing an additional 18,433 shares during the last quarter. Performa Ltd US LLC acquired a new stake in shares of SPDR S&P Software & Services ETF in the 1st quarter worth $3,842,000. Lowe Brockenbrough & Co. Inc. acquired a new stake in shares of SPDR S&P Software & Services ETF in the 1st quarter worth $590,000. Finally, Hsbc Holdings PLC purchased a new position in SPDR S&P Software & Services ETF during the 1st quarter worth $842,000.
SPDR S&P Software & Services ETF Stock Performance
XSW traded up $2.35 on Tuesday, hitting $198.13. The company had a trading volume of 18,901 shares, compared to its average volume of 79,099. The stock has a fifty day moving average price of $177.26 and a 200-day moving average price of $162.69. SPDR S&P Software & Services ETF has a 12-month low of $135.19 and a 12-month high of $205.76. The stock has a market capitalization of $489.38 million, a price-to-earnings ratio of 30.29 and a beta of 1.16.
About SPDR S&P Software & Services ETF
The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.
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