SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Down 82.9% in February

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 58,647 shares, a decline of 82.9% from the February 12th total of 343,678 shares. Based on an average trading volume of 53,671 shares, the short-interest ratio is presently 1.1 days. Approximately 2.1% of the shares of the company are sold short. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 53,671 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of SPDR S&P Transportation ETF

Large investors have recently made changes to their positions in the company. Flow Traders U.S. LLC acquired a new position in SPDR S&P Transportation ETF during the second quarter worth approximately $2,149,000. Jane Street Group LLC boosted its holdings in shares of SPDR S&P Transportation ETF by 6.1% in the second quarter. Jane Street Group LLC now owns 5,041 shares of the company’s stock valued at $406,000 after acquiring an additional 291 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of SPDR S&P Transportation ETF in the fourth quarter valued at approximately $209,000. Northwestern Mutual Wealth Management Co. grew its position in shares of SPDR S&P Transportation ETF by 48.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 691 shares of the company’s stock worth $63,000 after acquiring an additional 226 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of SPDR S&P Transportation ETF by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock worth $53,000 after acquiring an additional 186 shares during the last quarter.

SPDR S&P Transportation ETF Stock Performance

NYSEARCA XTN traded down $3.83 during trading hours on Thursday, hitting $87.79. The company had a trading volume of 38,883 shares, compared to its average volume of 64,791. The business has a 50 day moving average of $99.21 and a 200-day moving average of $90.97. The company has a market cap of $246.69 million, a PE ratio of 16.16 and a beta of 1.41. SPDR S&P Transportation ETF has a 1-year low of $61.95 and a 1-year high of $106.66.

About SPDR S&P Transportation ETF

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.