SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 34,617 shares, an increase of 110.6% from the December 31st total of 16,436 shares. Based on an average daily volume of 25,614 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.3% of the company’s shares are short sold. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 25,614 shares, the days-to-cover ratio is currently 1.4 days.
Hedge Funds Weigh In On SPDR S&P Telecom ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its position in SPDR S&P Telecom ETF by 119.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after purchasing an additional 230 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of SPDR S&P Telecom ETF in the 2nd quarter valued at $97,000. Envestnet Asset Management Inc. acquired a new stake in shares of SPDR S&P Telecom ETF during the second quarter worth $200,000. Parkwoods Wealth Partners LLC acquired a new stake in shares of SPDR S&P Telecom ETF during the third quarter worth $206,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in SPDR S&P Telecom ETF during the fourth quarter worth $253,000.
SPDR S&P Telecom ETF Trading Up 0.7%
NYSEARCA:XTL traded up $1.11 during trading hours on Friday, hitting $167.36. 7,353 shares of the company were exchanged, compared to its average volume of 19,256. The stock has a market capitalization of $251.04 million, a price-to-earnings ratio of 17.49 and a beta of 1.11. SPDR S&P Telecom ETF has a one year low of $84.68 and a one year high of $170.94. The company has a fifty day simple moving average of $154.45 and a 200 day simple moving average of $142.85.
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.
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