Short Interest in SPDR S&P Software & Services ETF (NYSEARCA:XSW) Grows By 84.9%

SPDR S&P Software & Services ETF (NYSEARCA:XSW) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 80,806 shares, an increase of 84.9% from the December 15th total of 43,710 shares. Approximately 3.4% of the company’s shares are short sold. Based on an average daily volume of 12,007 shares, the short-interest ratio is currently 6.7 days. Based on an average daily volume of 12,007 shares, the short-interest ratio is currently 6.7 days. Approximately 3.4% of the company’s shares are short sold.

SPDR S&P Software & Services ETF Price Performance

Shares of NYSEARCA:XSW opened at $183.10 on Friday. The stock’s 50-day moving average is $188.01 and its 200 day moving average is $191.27. The company has a market cap of $430.29 million, a PE ratio of 30.29 and a beta of 1.19. SPDR S&P Software & Services ETF has a 1 year low of $137.55 and a 1 year high of $205.76.

Hedge Funds Weigh In On SPDR S&P Software & Services ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in XSW. Two Sigma Investments LP purchased a new stake in SPDR S&P Software & Services ETF in the third quarter worth $5,735,000. Essex LLC bought a new position in SPDR S&P Software & Services ETF in the 2nd quarter worth $2,967,000. Tandem Financial LLC lifted its position in shares of SPDR S&P Software & Services ETF by 238.0% in the 2nd quarter. Tandem Financial LLC now owns 17,862 shares of the company’s stock worth $3,391,000 after purchasing an additional 12,578 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of SPDR S&P Software & Services ETF during the 3rd quarter valued at about $2,441,000. Finally, MAI Capital Management increased its position in shares of SPDR S&P Software & Services ETF by 2,124.3% during the third quarter. MAI Capital Management now owns 6,673 shares of the company’s stock valued at $1,320,000 after buying an additional 6,373 shares during the period.

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.