Short Interest in SPDR S&P Software & Services ETF (NYSEARCA:XSW) Grows By 21.0%

SPDR S&P Software & Services ETF (NYSEARCA:XSW) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 220,619 shares, a growth of 21.0% from the March 31st total of 182,321 shares. Currently, 7.9% of the company’s shares are short sold. Based on an average trading volume of 103,274 shares, the short-interest ratio is presently 2.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of XSW. Financial Life Planners purchased a new position in shares of SPDR S&P Software & Services ETF during the third quarter worth $25,000. Triumph Capital Management purchased a new position in shares of SPDR S&P Software & Services ETF during the third quarter worth $34,000. Fifth Third Bancorp purchased a new position in shares of SPDR S&P Software & Services ETF during the first quarter worth $53,000. Advisory Services Network LLC purchased a new position in shares of SPDR S&P Software & Services ETF during the third quarter worth $141,000. Finally, Summit Financial LLC purchased a new position in shares of SPDR S&P Software & Services ETF during the fourth quarter worth $200,000.

SPDR S&P Software & Services ETF Stock Up 3.7%

XSW opened at $156.84 on Friday. SPDR S&P Software & Services ETF has a 52 week low of $135.19 and a 52 week high of $205.76. The business has a fifty day simple moving average of $148.62 and a 200-day simple moving average of $171.49. The firm has a market cap of $377.98 million, a P/E ratio of 30.29 and a beta of 1.13.

SPDR S&P Software & Services ETF Company Profile

The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.