Short Interest in SPDR NYSE Technology ETF (NYSEARCA:XNTK) Drops By 42.5%

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 5,225 shares, a decrease of 42.5% from the August 15th total of 9,088 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 108,694 shares, the days-to-cover ratio is presently 0.0 days.

SPDR NYSE Technology ETF Stock Performance

NYSEARCA XNTK traded up $0.50 during trading hours on Wednesday, hitting $354.91. 36,152 shares of the company’s stock were exchanged, compared to its average volume of 49,934. The business’s 50 day moving average is $354.68 and its 200-day moving average is $331.05. SPDR NYSE Technology ETF has a 12-month low of $242.73 and a 12-month high of $392.44. The firm has a market capitalization of $1.80 billion, a P/E ratio of 31.16 and a beta of 1.45.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

A number of institutional investors have recently bought and sold shares of XNTK. Independent Wealth Network Inc. acquired a new stake in SPDR NYSE Technology ETF during the 1st quarter worth approximately $876,000. Royal Bank of Canada raised its holdings in SPDR NYSE Technology ETF by 12.8% in the first quarter. Royal Bank of Canada now owns 30,006 shares of the company’s stock valued at $7,660,000 after buying an additional 3,414 shares during the period. GoalVest Advisory LLC lifted its position in SPDR NYSE Technology ETF by 6.3% during the second quarter. GoalVest Advisory LLC now owns 59,120 shares of the company’s stock valued at $23,095,000 after buying an additional 3,506 shares in the last quarter. Global Assets Advisory LLC acquired a new position in SPDR NYSE Technology ETF during the first quarter valued at approximately $67,526,000. Finally, Gentry Private Wealth LLC grew its stake in SPDR NYSE Technology ETF by 25.2% during the first quarter. Gentry Private Wealth LLC now owns 22,009 shares of the company’s stock worth $5,618,000 after buying an additional 4,435 shares during the period.

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.