SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Up 101.9% in August

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 34,864 shares, a growth of 101.9% from the July 30th total of 17,264 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 51,994 shares, the days-to-cover ratio is currently 0.7 days.

SPDR S&P Telecom ETF Trading Down 2.0%

Shares of NYSEARCA XTL opened at $209.82 on Friday. SPDR S&P Telecom ETF has a 12-month low of $130.63 and a 12-month high of $247.62. The stock has a market cap of $570.71 million, a PE ratio of 17.49 and a beta of 1.16. The company has a 50-day moving average of $214.78 and a 200 day moving average of $209.83.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Large investors have recently made changes to their positions in the stock. Corient Private Wealth LP purchased a new position in SPDR S&P Telecom ETF during the second quarter worth approximately $239,000. Ameritas Advisory Services LLC purchased a new stake in SPDR S&P Telecom ETF in the 2nd quarter valued at $218,000. Compass Financial Management LLC purchased a new stake in SPDR S&P Telecom ETF in the 2nd quarter valued at $1,121,000. Integrity Financial Corp WA acquired a new stake in shares of SPDR S&P Telecom ETF in the 2nd quarter worth $100,000. Finally, Avior Wealth Management LLC increased its stake in shares of SPDR S&P Telecom ETF by 6.1% in the 2nd quarter. Avior Wealth Management LLC now owns 3,616 shares of the company’s stock worth $823,000 after acquiring an additional 209 shares during the last quarter.

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.