SPDR S&P Software & Services ETF (NYSEARCA:XSW – Get Free Report) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 155,189 shares, an increase of 20.1% from the January 15th total of 129,234 shares. Based on an average daily trading volume, of 82,060 shares, the days-to-cover ratio is currently 1.9 days. Currently, 8.1% of the company’s shares are short sold. Currently, 8.1% of the company’s shares are short sold. Based on an average daily trading volume, of 82,060 shares, the days-to-cover ratio is currently 1.9 days.
Institutional Investors Weigh In On SPDR S&P Software & Services ETF
Several hedge funds have recently added to or reduced their stakes in XSW. Two Sigma Investments LP purchased a new position in shares of SPDR S&P Software & Services ETF in the 3rd quarter worth about $5,735,000. High Point Wealth Management LLC bought a new stake in SPDR S&P Software & Services ETF during the 4th quarter valued at about $3,858,000. LPL Financial LLC lifted its stake in shares of SPDR S&P Software & Services ETF by 18.4% in the fourth quarter. LPL Financial LLC now owns 118,013 shares of the company’s stock worth $22,085,000 after buying an additional 18,349 shares in the last quarter. Tandem Financial LLC lifted its stake in shares of SPDR S&P Software & Services ETF by 238.0% in the second quarter. Tandem Financial LLC now owns 17,862 shares of the company’s stock worth $3,391,000 after buying an additional 12,578 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SPDR S&P Software & Services ETF during the third quarter valued at approximately $2,441,000.
SPDR S&P Software & Services ETF Price Performance
Shares of XSW opened at $151.49 on Tuesday. The company has a 50-day simple moving average of $179.33 and a two-hundred day simple moving average of $187.28. The firm has a market capitalization of $290.86 million, a PE ratio of 30.29 and a beta of 1.19. SPDR S&P Software & Services ETF has a one year low of $137.55 and a one year high of $205.76.
SPDR S&P Software & Services ETF Company Profile
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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