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

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 9,088 shares, a decline of 60.3% from the July 30th total of 22,912 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 37,994 shares, the short-interest ratio is presently 0.2 days.

SPDR NYSE Technology ETF Trading Down 1.6%

XNTK traded down $5.98 during trading on Friday, hitting $358.03. 30,060 shares of the company’s stock were exchanged, compared to its average volume of 50,348. SPDR NYSE Technology ETF has a 1 year low of $236.22 and a 1 year high of $392.44. The stock has a 50 day moving average price of $358.26 and a 200 day moving average price of $323.15. The firm has a market cap of $2.20 billion, a P/E ratio of 31.16 and a beta of 1.45.

Institutional Trading of SPDR NYSE Technology ETF

A number of institutional investors have recently added to or reduced their stakes in the business. IFC & Insurance Marketing Inc. acquired a new stake in SPDR NYSE Technology ETF in the 4th quarter valued at $25,000. Qube Research & Technologies Ltd lifted its stake in shares of SPDR NYSE Technology ETF by 351.5% during the second quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after purchasing an additional 116 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of SPDR NYSE Technology ETF during the first quarter worth about $41,000. Integrity Financial Corp WA purchased a new stake in shares of SPDR NYSE Technology ETF in the second quarter worth about $45,000. Finally, Fifth Third Bancorp purchased a new stake in shares of SPDR NYSE Technology ETF in the first quarter worth about $58,000.

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.