SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Significant Growth in Short Interest

SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 48,351 shares, a growth of 212.7% from the September 30th total of 15,461 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 53,688 shares, the short-interest ratio is currently 0.9 days.

SPDR NYSE Technology ETF Stock Up 1.6%

SPDR NYSE Technology ETF stock opened at $365.51 on Thursday. The company has a fifty day simple moving average of $366.43 and a 200-day simple moving average of $328.45. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 31.16 and a beta of 1.45. SPDR NYSE Technology ETF has a 52-week low of $242.73 and a 52-week high of $395.35.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

A number of institutional investors and hedge funds have recently bought and sold shares of XNTK. North Star Investment Management Corp. acquired a new position in shares of SPDR NYSE Technology ETF in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in shares of SPDR NYSE Technology ETF during the 1st quarter worth $41,000. Integrity Financial Corp WA acquired a new stake in shares of SPDR NYSE Technology ETF during the 2nd quarter worth about $45,000. Fifth Third Bancorp acquired a new stake in shares of SPDR NYSE Technology ETF during the 1st quarter worth about $58,000. Finally, Beacon Investment Advisory Services Inc. increased its position in shares of SPDR NYSE Technology ETF by 55.3% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 191 shares of the company’s stock worth $75,000 after purchasing an additional 68 shares during the last quarter.

SPDR NYSE Technology ETF Company Profile

(Get Free Report)

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.

Further Reading

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