Short Interest in SPDR NYSE Technology ETF (NYSEARCA:XNTK) Increases By 116.3%

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 5,497 shares, an increase of 116.3% from the February 12th total of 2,541 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 28,737 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 28,737 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

SPDR NYSE Technology ETF Stock Up 0.5%

Shares of XNTK stock opened at $271.47 on Thursday. SPDR NYSE Technology ETF has a 12-month low of $159.43 and a 12-month high of $295.79. The company has a market capitalization of $1.54 billion, a PE ratio of 31.16 and a beta of 1.31. The firm has a 50 day moving average price of $276.03 and a two-hundred day moving average price of $273.78.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

A number of institutional investors have recently modified their holdings of XNTK. Auto Owners Insurance Co increased its position in SPDR NYSE Technology ETF by 30,856.8% during the fourth quarter. Auto Owners Insurance Co now owns 404,760,008 shares of the company’s stock worth $112,474,711,000 after acquiring an additional 403,452,508 shares during the period. SoundView Advisors Inc. acquired a new position in shares of SPDR NYSE Technology ETF during the 3rd quarter worth approximately $357,706,000. LPL Financial LLC grew its position in shares of SPDR NYSE Technology ETF by 23.6% during the 4th quarter. LPL Financial LLC now owns 254,253 shares of the company’s stock worth $70,652,000 after purchasing an additional 48,595 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of SPDR NYSE Technology ETF by 35.1% during the fourth quarter. Wells Fargo & Company MN now owns 193,410 shares of the company’s stock worth $53,745,000 after purchasing an additional 50,254 shares during the period. Finally, Keystone Wealth Services LLC bought a new position in shares of SPDR NYSE Technology ETF during the fourth quarter worth approximately $51,033,000.

SPDR NYSE Technology ETF Company Profile

SPDR Morgan Stanley Technology ETF (the Fund) seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors.