SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Down 42.5% in August

SPDR NYSE Technology ETF (NYSEARCA:XNTKGet Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 5,225 shares, a drop of 42.5% from the August 15th total of 9,088 shares. Based on an average daily volume of 108,694 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

Several institutional investors have recently bought and sold shares of the company. Integrity Financial Corp WA bought a new position in shares of SPDR NYSE Technology ETF during the 2nd quarter worth approximately $45,000. Ashton Thomas Securities LLC acquired a new position in SPDR NYSE Technology ETF during the first quarter worth $41,000. Beacon Investment Advisory Services Inc. boosted its holdings in SPDR NYSE Technology ETF by 55.3% during the second quarter. Beacon Investment Advisory Services Inc. now owns 191 shares of the company’s stock worth $75,000 after purchasing an additional 68 shares during the last quarter. Fifth Third Bancorp acquired a new position in SPDR NYSE Technology ETF during the first quarter worth $58,000. Finally, REAP Financial Group LLC bought a new position in SPDR NYSE Technology ETF in the fourth quarter valued at $70,000.

SPDR NYSE Technology ETF Price Performance

Shares of SPDR NYSE Technology ETF stock opened at $362.97 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 31.16 and a beta of 1.45. The stock’s 50-day moving average is $354.40 and its 200-day moving average is $332.32. SPDR NYSE Technology ETF has a one year low of $242.73 and a one year high of $392.44.

About SPDR NYSE Technology ETF

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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.

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