SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Up 167.2% in April

SPDR S&P Transportation ETF (NYSEARCA:XTN) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 87,667 shares, a growth of 167.2% from the April 15th total of 32,815 shares. Based on an average trading volume of 86,161 shares, the short-interest ratio is presently 1.0 days. Currently, 4.5% of the company’s stock are sold short.

SPDR S&P Transportation ETF Stock Down 0.5%

NYSEARCA:XTN opened at $101.16 on Friday. SPDR S&P Transportation ETF has a 52 week low of $74.36 and a 52 week high of $120.89. The firm has a 50 day moving average of $98.96 and a 200 day moving average of $95.55. The stock has a market capitalization of $199.29 million, a price-to-earnings ratio of 16.16 and a beta of 1.36.

Institutional Trading of SPDR S&P Transportation ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XTN. SHP Wealth Management acquired a new stake in SPDR S&P Transportation ETF during the fourth quarter valued at $35,000. Steward Partners Investment Advisory LLC grew its position in SPDR S&P Transportation ETF by 98.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 517 shares of the company’s stock valued at $47,000 after buying an additional 257 shares during the period. JPMorgan Chase & Co. grew its position in SPDR S&P Transportation ETF by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock valued at $53,000 after buying an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in SPDR S&P Transportation ETF by 48.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 691 shares of the company’s stock valued at $63,000 after buying an additional 226 shares during the period. Finally, AdvisorNet Financial Inc acquired a new stake in SPDR S&P Transportation ETF during the first quarter valued at $123,000.

About SPDR S&P Transportation ETF

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.