Short Interest in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Decreases By 37.3%

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 156,707 shares, a decline of 37.3% from the June 15th total of 249,867 shares. Based on an average daily trading volume, of 206,586 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the company’s stock are short sold.

SPDR S&P Aerospace & Defense ETF Price Performance

SPDR S&P Aerospace & Defense ETF stock opened at $258.57 on Friday. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 35.83 and a beta of 1.00. The firm has a 50-day moving average of $274.95 and a 200-day moving average of $271.82. SPDR S&P Aerospace & Defense ETF has a one year low of $208.77 and a one year high of $295.39.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $28,000. Glenmede Trust Co. NA bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $30,000. Strive Financial Group LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at approximately $30,000. Darwin Wealth Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at approximately $43,000. Finally, Key Financial Inc acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at approximately $50,000.

About SPDR S&P Aerospace & Defense ETF

The SPDR S&P Aerospace & Defense ETF (XAR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of US aerospace & defense companies. XAR was launched on Sep 28, 2011 and is managed by State Street.