Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Drops By 30.6%

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 18,441 shares, a decline of 30.6% from the February 12th total of 26,577 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 21,387 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 21,387 shares, the short-interest ratio is presently 0.9 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in SPDR S&P Telecom ETF by 119.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after acquiring an additional 230 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of SPDR S&P Telecom ETF during the fourth quarter valued at $80,000. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Telecom ETF during the fourth quarter valued at $131,000. Harbour Investments Inc. purchased a new stake in shares of SPDR S&P Telecom ETF during the fourth quarter valued at $150,000. Finally, Envestnet Asset Management Inc. bought a new stake in SPDR S&P Telecom ETF in the 2nd quarter worth about $200,000.

SPDR S&P Telecom ETF Price Performance

XTL stock traded up $2.27 during trading on Monday, hitting $186.81. 25,164 shares of the stock traded hands, compared to its average volume of 24,343. The stock has a market cap of $280.22 million, a price-to-earnings ratio of 17.49 and a beta of 1.11. SPDR S&P Telecom ETF has a 1 year low of $84.68 and a 1 year high of $194.38. The firm’s 50 day moving average is $172.05 and its two-hundred day moving average is $155.07.

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.