SPDR S&P Telecom ETF (NYSEARCA:XTL) Sees Significant Increase in Short Interest

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 64,754 shares, a growth of 65.6% from the April 30th total of 39,101 shares. Based on an average daily trading volume, of 88,448 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.9% of the company’s stock are sold short.

SPDR S&P Telecom ETF Stock Up 0.8%

Shares of NYSEARCA XTL opened at $240.27 on Friday. The stock’s 50 day moving average price is $218.38 and its two-hundred day moving average price is $183.53. SPDR S&P Telecom ETF has a 52-week low of $104.48 and a 52-week high of $247.62. The stock has a market capitalization of $833.74 million, a P/E ratio of 17.49 and a beta of 1.14.

Institutional Trading of SPDR S&P Telecom ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Pacific Sun Financial Corp raised its position in shares of SPDR S&P Telecom ETF by 1.8% during the 1st quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock worth $525,000 after purchasing an additional 50 shares during the period. Cetera Investment Advisers raised its position in shares of SPDR S&P Telecom ETF by 0.3% during the 4th quarter. Cetera Investment Advisers now owns 37,694 shares of the company’s stock worth $5,775,000 after purchasing an additional 115 shares during the period. Kaizen Financial Strategies raised its position in shares of SPDR S&P Telecom ETF by 2.0% during the 3rd quarter. Kaizen Financial Strategies now owns 6,245 shares of the company’s stock worth $910,000 after purchasing an additional 125 shares during the period. Goldman Sachs Group Inc. raised its position in shares of SPDR S&P Telecom ETF by 0.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 25,139 shares of the company’s stock worth $3,852,000 after purchasing an additional 137 shares during the period. Finally, Jones Financial Companies Lllp raised its position 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 during the period.

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.