SPDR S&P Software & Services ETF (NYSEARCA:XSW) Short Interest Update

SPDR S&P Software & Services ETF (NYSEARCA:XSW) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 147,652 shares, a decline of 27.3% from the February 12th total of 203,088 shares. Currently, 7.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 77,840 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily trading volume, of 77,840 shares, the days-to-cover ratio is currently 1.9 days. Currently, 7.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On SPDR S&P Software & Services ETF

Large investors have recently made changes to their positions in the company. Beacon Financial Advisory LLC increased its position in shares of SPDR S&P Software & Services ETF by 2.8% during the 3rd quarter. Beacon Financial Advisory LLC now owns 1,948 shares of the company’s stock worth $385,000 after purchasing an additional 53 shares in the last quarter. V2 Financial group LLC boosted its position in SPDR S&P Software & Services ETF by 5.6% in the fourth quarter. V2 Financial group LLC now owns 1,900 shares of the company’s stock valued at $356,000 after buying an additional 100 shares in the last quarter. Creative Planning grew its stake in SPDR S&P Software & Services ETF by 5.8% during the third quarter. Creative Planning now owns 2,189 shares of the company’s stock worth $433,000 after buying an additional 120 shares during the last quarter. Financial Life Planners bought a new stake in SPDR S&P Software & Services ETF during the third quarter worth about $25,000. Finally, Composition Wealth LLC increased its holdings in shares of SPDR S&P Software & Services ETF by 10.3% during the fourth quarter. Composition Wealth LLC now owns 1,413 shares of the company’s stock worth $264,000 after buying an additional 132 shares in the last quarter.

SPDR S&P Software & Services ETF Stock Down 0.3%

NYSEARCA:XSW traded down $0.52 during trading hours on Friday, reaching $149.52. The company had a trading volume of 104,154 shares, compared to its average volume of 86,024. The stock has a 50-day moving average of $164.54 and a two-hundred day moving average of $183.05. SPDR S&P Software & Services ETF has a one year low of $137.55 and a one year high of $205.76. The firm has a market capitalization of $287.08 million, a PE ratio of 30.29 and a beta of 1.19.

About SPDR S&P Software & Services ETF

The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.