SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Update

SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 7,548 shares, an increase of 101.9% from the March 15th total of 3,738 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 31,902 shares, the days-to-cover ratio is presently 0.2 days.

SPDR NYSE Technology ETF Stock Performance

Shares of SPDR NYSE Technology ETF stock traded up $4.44 during trading hours on Tuesday, reaching $286.95. 22,052 shares of the company were exchanged, compared to its average volume of 37,013. SPDR NYSE Technology ETF has a 1 year low of $171.66 and a 1 year high of $295.79. The stock’s fifty day moving average is $266.47 and its 200 day moving average is $275.48. The firm has a market cap of $1.63 billion, a PE ratio of 31.16 and a beta of 1.33.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Hedge funds have recently made changes to their positions in the company. Auto Owners Insurance Co grew its holdings in shares of SPDR NYSE Technology ETF by 30,856.8% during the fourth quarter. Auto Owners Insurance Co now owns 404,760,008 shares of the company’s stock worth $112,474,711,000 after buying an additional 403,452,508 shares during the last quarter. SoundView Advisors Inc. acquired a new stake in shares of SPDR NYSE Technology ETF during the 3rd quarter valued at approximately $357,706,000. Keystone Wealth Services LLC acquired a new stake in shares of SPDR NYSE Technology ETF during the 4th quarter valued at approximately $51,033,000. Wells Fargo & Company MN lifted its position in shares of SPDR NYSE Technology ETF by 35.1% during the 4th quarter. Wells Fargo & Company MN now owns 193,410 shares of the company’s stock valued at $53,745,000 after acquiring an additional 50,254 shares during the period. Finally, LPL Financial LLC lifted its position in shares of SPDR NYSE Technology ETF by 23.6% during the 4th quarter. LPL Financial LLC now owns 254,253 shares of the company’s stock valued at $70,652,000 after acquiring an additional 48,595 shares during the period.

About SPDR NYSE Technology ETF

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.