SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Significant Drop in Short Interest

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,738 shares, a drop of 32.0% from the February 26th total of 5,497 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 39,609 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of SPDR NYSE Technology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of SPDR NYSE Technology ETF by 4.7% in the third quarter. CWM LLC now owns 875 shares of the company’s stock valued at $238,000 after purchasing an additional 39 shares in the last quarter. Kestra Advisory Services LLC raised its position in SPDR NYSE Technology ETF by 3.8% in the 4th quarter. Kestra Advisory Services LLC now owns 1,118 shares of the company’s stock valued at $311,000 after buying an additional 41 shares during the last quarter. MML Investors Services LLC lifted its stake in SPDR NYSE Technology ETF by 1.5% during the 2nd quarter. MML Investors Services LLC now owns 3,088 shares of the company’s stock valued at $733,000 after acquiring an additional 45 shares in the last quarter. Realta Investment Advisors lifted its position in shares of SPDR NYSE Technology ETF by 41.7% during the fourth quarter. Realta Investment Advisors now owns 170 shares of the company’s stock valued at $47,000 after purchasing an additional 50 shares in the last quarter. Finally, SFG Wealth Management LLC. lifted its position in shares of SPDR NYSE Technology ETF by 0.4% during the 3rd quarter. SFG Wealth Management LLC. now owns 11,755 shares of the company’s stock worth $3,200,000 after buying an additional 50 shares in the last quarter.

SPDR NYSE Technology ETF Price Performance

Shares of NYSEARCA:XNTK traded down $5.23 during midday trading on Friday, hitting $248.99. 45,697 shares of the company’s stock were exchanged, compared to its average volume of 34,403. SPDR NYSE Technology ETF has a 12 month low of $159.43 and a 12 month high of $295.79. The company has a market cap of $1.42 billion, a PE ratio of 31.16 and a beta of 1.31. The stock has a 50 day moving average price of $270.94 and a 200-day moving average price of $275.39.

About SPDR NYSE Technology ETF

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.