SPDR S&P Software & Services ETF (NYSEARCA:XSW) Short Interest Update

SPDR S&P Software & Services ETF (NYSEARCA:XSW) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 138,949 shares, a decrease of 35.5% from the May 14th total of 215,346 shares. Approximately 5.8% of the shares of the stock are short sold. Based on an average daily volume of 79,386 shares, the short-interest ratio is currently 1.8 days.

SPDR S&P Software & Services ETF Stock Down 0.4%

XSW traded down $0.73 during trading on Tuesday, reaching $166.97. 13,014 shares of the company were exchanged, compared to its average volume of 90,973. The company has a market cap of $402.40 million, a price-to-earnings ratio of 30.29 and a beta of 1.17. The company’s 50-day moving average is $158.68 and its two-hundred day moving average is $165.53. SPDR S&P Software & Services ETF has a 12-month low of $135.19 and a 12-month high of $205.76.

Hedge Funds Weigh In On SPDR S&P Software & Services ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in SPDR S&P Software & Services ETF by 1.6% in the 3rd quarter. Bank of America Corp DE now owns 392,478 shares of the company’s stock worth $77,616,000 after acquiring an additional 6,093 shares during the last quarter. LPL Financial LLC grew its position in SPDR S&P Software & Services ETF by 18.4% during the 4th quarter. LPL Financial LLC now owns 118,013 shares of the company’s stock worth $22,085,000 after acquiring an additional 18,349 shares during the last quarter. Wells Fargo & Company MN grew its position in SPDR S&P Software & Services ETF by 11.1% during the 4th quarter. Wells Fargo & Company MN now owns 53,660 shares of the company’s stock worth $10,042,000 after acquiring an additional 5,363 shares during the last quarter. Raymond James Financial Inc. grew its position in SPDR S&P Software & Services ETF by 1.2% during the 3rd quarter. Raymond James Financial Inc. now owns 33,212 shares of the company’s stock worth $6,568,000 after acquiring an additional 379 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in SPDR S&P Software & Services ETF during the 3rd quarter worth approximately $5,735,000.

About SPDR S&P Software & Services ETF

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.