SPDR S&P Telecom ETF (NYSEARCA:XTL) Sees Large Growth in Short Interest

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 106,258 shares, an increase of 104.3% from the March 31st total of 52,017 shares. Based on an average daily volume of 138,758 shares, the short-interest ratio is presently 0.8 days. Currently, 3.4% of the company’s stock are short sold.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its stake in shares of SPDR S&P Telecom ETF by 119.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after purchasing an additional 230 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of SPDR S&P Telecom ETF during the 4th quarter worth approximately $80,000. International Assets Investment Management LLC bought a new stake in shares of SPDR S&P Telecom ETF during the 4th quarter worth approximately $131,000. Harbour Investments Inc. bought a new stake in shares of SPDR S&P Telecom ETF during the 4th quarter worth approximately $150,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of SPDR S&P Telecom ETF during the 2nd quarter worth approximately $200,000.

SPDR S&P Telecom ETF Trading Up 0.4%

Shares of SPDR S&P Telecom ETF stock traded up $0.84 on Friday, reaching $219.01. 104,134 shares of the company were exchanged, compared to its average volume of 63,003. SPDR S&P Telecom ETF has a one year low of $94.02 and a one year high of $224.52. The company has a market capitalization of $700.83 million, a price-to-earnings ratio of 17.49 and a beta of 1.06. The company has a 50-day moving average of $194.37 and a 200 day moving average of $168.05.

SPDR S&P Telecom ETF Company Profile

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.