SPDR S&P Software & Services ETF (NYSEARCA:XSW) Short Interest Update

SPDR S&P Software & Services ETF (NYSEARCA:XSW) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 124,784 shares, a growth of 66.1% from the July 15th total of 75,136 shares. Based on an average daily volume of 47,165 shares, the short-interest ratio is currently 2.6 days. Approximately 5.1% of the company’s shares are short sold.

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

Several large investors have recently made changes to their positions in the company. Warner Financial Inc. acquired a new stake in SPDR S&P Software & Services ETF in the second quarter worth about $330,000. Arkadios Wealth Advisors raised its holdings in SPDR S&P Software & Services ETF by 7.0% during the 1st quarter. Arkadios Wealth Advisors now owns 1,534 shares of the company’s stock worth $218,000 after purchasing an additional 100 shares during the last quarter. Royal Bank of Canada lifted its position in SPDR S&P Software & Services ETF by 300.9% during the 1st quarter. Royal Bank of Canada now owns 24,558 shares of the company’s stock valued at $3,495,000 after purchasing an additional 18,433 shares during the period. Cetera Investment Advisers lifted its position in SPDR S&P Software & Services ETF by 23.2% during the 1st quarter. Cetera Investment Advisers now owns 3,700 shares of the company’s stock valued at $526,000 after purchasing an additional 696 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. bought a new position in shares of SPDR S&P Software & Services ETF in the 1st quarter valued at about $590,000.

SPDR S&P Software & Services ETF Stock Performance

NYSEARCA:XSW opened at $197.04 on Wednesday. The company has a market cap of $486.69 million, a price-to-earnings ratio of 30.29 and a beta of 1.16. The stock’s fifty day moving average price is $177.88 and its two-hundred day moving average price is $162.82. SPDR S&P Software & Services ETF has a 52-week low of $135.19 and a 52-week high of $205.76.

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.