SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Update

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 39,101 shares, a decline of 63.2% from the April 15th total of 106,258 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 126,046 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of SPDR S&P Telecom ETF

A number of large investors have recently made changes to their positions in XTL. Jones Financial Companies Lllp boosted its stake in shares of SPDR S&P Telecom ETF by 119.2% during the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after purchasing an additional 230 shares during the period. Kestra Advisory Services LLC purchased a new stake in SPDR S&P Telecom ETF in the fourth quarter worth about $80,000. International Assets Investment Management LLC purchased a new stake in SPDR S&P Telecom ETF in the fourth quarter worth about $131,000. Harbour Investments Inc. purchased a new stake in SPDR S&P Telecom ETF in the fourth quarter worth about $150,000. Finally, Envestnet Asset Management Inc. purchased a new stake in SPDR S&P Telecom ETF in the second quarter worth about $200,000.

SPDR S&P Telecom ETF Trading Up 2.1%

Shares of XTL traded up $4.77 during trading hours on Thursday, reaching $231.76. 112,125 shares of the company traded hands, compared to its average volume of 67,949. The firm has a market cap of $804.21 million, a price-to-earnings ratio of 17.49 and a beta of 1.14. SPDR S&P Telecom ETF has a 12-month low of $101.24 and a 12-month high of $232.59. The stock’s fifty day moving average price is $203.65 and its 200 day moving average price is $173.83.

About SPDR S&P Telecom ETF

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.