SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Down 68.5% in March

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 18,493 shares, a decline of 68.5% from the February 26th total of 58,647 shares. Based on an average daily trading volume, of 53,849 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 53,849 shares, the days-to-cover ratio is presently 0.3 days.

SPDR S&P Transportation ETF Price Performance

NYSEARCA:XTN traded up $0.95 during mid-day trading on Wednesday, reaching $92.34. The stock had a trading volume of 4,203 shares, compared to its average volume of 57,755. The stock’s 50 day simple moving average is $98.05 and its two-hundred day simple moving average is $91.22. SPDR S&P Transportation ETF has a 1-year low of $61.95 and a 1-year high of $106.66. The company has a market capitalization of $259.48 million, a price-to-earnings ratio of 16.16 and a beta of 1.41.

Institutional Investors Weigh In On SPDR S&P Transportation ETF

Several institutional investors and hedge funds have recently made changes to their positions in XTN. Jones Financial Companies Lllp boosted its holdings in SPDR S&P Transportation ETF by 1,474.6% in the first quarter. Jones Financial Companies Lllp now owns 6,503 shares of the company’s stock worth $480,000 after purchasing an additional 6,090 shares during the period. Jane Street Group LLC bought a new position in shares of SPDR S&P Transportation ETF in the 1st quarter worth about $351,000. Flow Traders U.S. LLC acquired a new position in shares of SPDR S&P Transportation ETF in the 2nd quarter valued at about $2,149,000. Raymond James Financial Inc. grew its position in shares of SPDR S&P Transportation ETF by 63.5% during the 2nd quarter. Raymond James Financial Inc. now owns 13,820 shares of the company’s stock valued at $1,112,000 after buying an additional 5,368 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in SPDR S&P Transportation ETF by 169.2% during the second quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock worth $5,762,000 after acquiring an additional 44,984 shares during the period.

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.