Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Decreases By 76.7%

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 25,367 shares, a decline of 76.7% from the May 31st total of 108,774 shares. Based on an average daily volume of 170,111 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Trading of SPDR S&P Telecom ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XTL. Kestra Advisory Services LLC bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $80,000. International Assets Investment Management LLC purchased a new position in SPDR S&P Telecom ETF during the 4th quarter valued at about $131,000. Harbour Investments Inc. bought a new stake in SPDR S&P Telecom ETF during the fourth quarter worth about $150,000. Envestnet Asset Management Inc. bought a new stake in SPDR S&P Telecom ETF during the second quarter worth about $200,000. Finally, NewEdge Advisors LLC purchased a new stake in SPDR S&P Telecom ETF in the fourth quarter worth about $212,000.

SPDR S&P Telecom ETF Trading Up 0.5%

XTL opened at $216.66 on Friday. The stock has a fifty day simple moving average of $226.03 and a two-hundred day simple moving average of $192.15. The company has a market cap of $751.81 million, a price-to-earnings ratio of 17.49 and a beta of 1.14. SPDR S&P Telecom ETF has a 12-month low of $114.88 and a 12-month high of $247.62.

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.