SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Up 35.0% in December

SPDR S&P Transportation ETF (NYSEARCA:XTN) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 28,091 shares, an increase of 35.0% from the November 30th total of 20,804 shares. Based on an average daily volume of 24,538 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.7% of the company’s shares are sold short. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 24,538 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in SPDR S&P Transportation ETF by 169.2% in the second quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock valued at $5,762,000 after buying an additional 44,984 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of SPDR S&P Transportation ETF in the 2nd quarter valued at $2,149,000. Raymond James Financial Inc. lifted its holdings in shares of SPDR S&P Transportation ETF by 90.3% during the 3rd quarter. Raymond James Financial Inc. now owns 26,295 shares of the company’s stock valued at $2,205,000 after acquiring an additional 12,475 shares in the last quarter. Susquehanna International Group LLP boosted its position in SPDR S&P Transportation ETF by 306.7% during the 3rd quarter. Susquehanna International Group LLP now owns 25,933 shares of the company’s stock worth $2,174,000 after purchasing an additional 19,556 shares during the period. Finally, Genesee Capital Advisors LLC increased its holdings in SPDR S&P Transportation ETF by 1.0% in the 2nd quarter. Genesee Capital Advisors LLC now owns 20,517 shares of the company’s stock valued at $1,652,000 after purchasing an additional 207 shares in the last quarter.

SPDR S&P Transportation ETF Price Performance

NYSEARCA:XTN traded down $0.19 during mid-day trading on Tuesday, reaching $92.10. The company’s stock had a trading volume of 3,540 shares, compared to its average volume of 21,251. The stock has a market cap of $152.89 million, a P/E ratio of 16.16 and a beta of 1.41. The company’s fifty day simple moving average is $87.58 and its two-hundred day simple moving average is $85.20. SPDR S&P Transportation ETF has a twelve month low of $61.95 and a twelve month high of $95.66.

About SPDR S&P Transportation ETF

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.