Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Increases By 68.0%

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 108,774 shares, a growth of 68.0% from the May 14th total of 64,754 shares. Currently, 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 80,934 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of SPDR S&P Telecom ETF

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its position in SPDR S&P Telecom ETF by 119.2% during the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after buying an additional 230 shares during the period. Kestra Advisory Services LLC bought a new position in shares of SPDR S&P Telecom ETF in the fourth quarter worth approximately $80,000. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Telecom ETF in the fourth quarter worth approximately $131,000. Harbour Investments Inc. bought a new position in shares of SPDR S&P Telecom ETF in the fourth quarter worth approximately $150,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of SPDR S&P Telecom ETF in the second quarter worth approximately $200,000.

SPDR S&P Telecom ETF Trading Down 3.1%

NYSEARCA XTL traded down $7.23 during trading hours on Tuesday, hitting $224.03. 75,916 shares of the company’s stock traded hands, compared to its average volume of 79,609. The business’s fifty day moving average price is $224.01 and its two-hundred day moving average price is $188.44. The firm has a market capitalization of $777.38 million, a P/E ratio of 17.49 and a beta of 1.14. SPDR S&P Telecom ETF has a 52 week low of $106.84 and a 52 week high of $247.62.

About SPDR S&P Telecom ETF

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.