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

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 9,088 shares, a drop of 60.3% from the July 30th total of 22,912 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 37,994 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of SPDR NYSE Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IFC & Insurance Marketing Inc. purchased a new stake in SPDR NYSE Technology ETF in the 4th quarter worth approximately $25,000. Integrity Financial Corp WA acquired a new stake in shares of SPDR NYSE Technology ETF during the second quarter worth $45,000. Qube Research & Technologies Ltd boosted its holdings in shares of SPDR NYSE Technology ETF by 351.5% during the second quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after purchasing an additional 116 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of SPDR NYSE Technology ETF in the first quarter valued at $41,000. Finally, Beacon Investment Advisory Services Inc. grew its position in shares of SPDR NYSE Technology ETF by 55.3% in the second quarter. Beacon Investment Advisory Services Inc. now owns 191 shares of the company’s stock valued at $75,000 after purchasing an additional 68 shares during the period.

SPDR NYSE Technology ETF Price Performance

SPDR NYSE Technology ETF stock opened at $364.01 on Friday. SPDR NYSE Technology ETF has a 12-month low of $236.22 and a 12-month high of $392.44. The stock has a market capitalization of $2.24 billion, a P/E ratio of 31.16 and a beta of 1.45. The firm’s 50-day moving average is $358.82 and its two-hundred day moving average is $322.90.

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.