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

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 21,159 shares, a decline of 39.3% from the August 15th total of 34,864 shares. Based on an average trading volume of 80,608 shares, the short-interest ratio is currently 0.3 days. Approximately 0.8% of the company’s stock are sold short.

SPDR S&P Telecom ETF Stock Performance

Shares of NYSEARCA:XTL traded up $1.63 during trading hours on Wednesday, reaching $207.83. The stock had a trading volume of 9,291 shares, compared to its average volume of 75,203. The firm’s 50 day moving average is $212.12 and its 200-day moving average is $212.71. The stock has a market capitalization of $432.29 million, a price-to-earnings ratio of 17.49 and a beta of 1.16. SPDR S&P Telecom ETF has a 1 year low of $131.25 and a 1 year high of $247.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacific Sun Financial Corp grew its position in shares of SPDR S&P Telecom ETF by 1.8% during the first quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock worth $525,000 after acquiring an additional 50 shares during the last quarter. Avior Wealth Management LLC raised its position in SPDR S&P Telecom ETF by 6.1% in the 2nd quarter. Avior Wealth Management LLC now owns 3,616 shares of the company’s stock valued at $823,000 after purchasing an additional 209 shares during the last quarter. Liberty One Investment Management LLC raised its position in SPDR S&P Telecom ETF by 3.1% in the 1st quarter. Liberty One Investment Management LLC now owns 9,023 shares of the company’s stock valued at $1,697,000 after purchasing an additional 269 shares during the last quarter. International Assets Investment Management LLC boosted its stake in SPDR S&P Telecom ETF by 44.5% during the 1st quarter. International Assets Investment Management LLC now owns 1,233 shares of the company’s stock worth $235,000 after purchasing an additional 380 shares during the period. Finally, Integrity Financial Corp WA purchased a new position in SPDR S&P Telecom ETF during the 2nd quarter worth $100,000.

SPDR S&P Telecom ETF Company Profile

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.