SPDR S&P Telecom ETF (NYSEARCA:XTL) Sees Significant Growth in Short Interest

SPDR S&P Telecom ETF (NYSEARCA:XTLGet Free Report) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 29,457 shares, a growth of 59.7% from the February 26th total of 18,441 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average daily volume of 39,766 shares, the days-to-cover ratio is presently 0.7 days.

SPDR S&P Telecom ETF Stock Performance

Shares of XTL stock traded down $2.39 during trading on Friday, hitting $187.28. 304,267 shares of the company were exchanged, compared to its average volume of 36,516. The business’s 50-day simple moving average is $178.19 and its 200 day simple moving average is $158.67. SPDR S&P Telecom ETF has a twelve month low of $84.68 and a twelve month high of $199.76. The firm has a market capitalization of $280.92 million, a price-to-earnings ratio of 17.49 and a beta of 1.11.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

A number of institutional investors have recently modified their holdings of XTL. Jones Financial Companies Lllp grew its holdings in shares of SPDR S&P Telecom ETF by 119.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after acquiring an additional 230 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in SPDR S&P Telecom ETF during the fourth quarter valued at $80,000. International Assets Investment Management LLC acquired a new stake in SPDR S&P Telecom ETF during the fourth quarter valued at $131,000. Harbour Investments Inc. purchased a new position in SPDR S&P Telecom ETF in the fourth quarter valued at about $150,000. Finally, Envestnet Asset Management Inc. acquired a new position in SPDR S&P Telecom ETF in the 2nd quarter worth about $200,000.

About SPDR S&P Telecom ETF

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The SPDR S&P Telecom ETF (XTL) is an exchange-traded fund that is based on the S&P Telecom Select Industry index. The fund tracks an equal-weighted index of US telecom companies selected by the S&P Committee. XTL was launched on Jan 26, 2011 and is managed by State Street.

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