Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Decreases By 60.6%

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 13,637 shares, a drop of 60.6% from the January 15th total of 34,617 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 13,781 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 13,781 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Institutional investors have recently modified their holdings of the stock. CWM LLC bought a new position in shares of SPDR S&P Telecom ETF during the 4th quarter valued at approximately $33,959,000. Bank of America Corp DE boosted its stake in SPDR S&P Telecom ETF by 48.8% during the third quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock worth $9,067,000 after buying an additional 21,242 shares during the period. Castleark Management LLC bought a new position in SPDR S&P Telecom ETF during the third quarter valued at $8,359,000. Goldman Sachs Group Inc. increased its position in SPDR S&P Telecom ETF by 5.0% during the first quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock valued at $5,774,000 after acquiring an additional 2,771 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of SPDR S&P Telecom ETF by 184.7% in the fourth quarter. UBS Group AG now owns 52,178 shares of the company’s stock valued at $7,995,000 after acquiring an additional 33,851 shares during the period.

SPDR S&P Telecom ETF Trading Down 1.3%

Shares of XTL stock traded down $2.22 on Thursday, reaching $172.11. The company’s stock had a trading volume of 9,622 shares, compared to its average volume of 20,577. The stock’s fifty day simple moving average is $159.43 and its 200-day simple moving average is $146.27. SPDR S&P Telecom ETF has a 1 year low of $84.68 and a 1 year high of $176.93. The company has a market capitalization of $258.17 million, a price-to-earnings ratio of 17.49 and a beta of 1.11.

About SPDR S&P Telecom ETF

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.