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

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 25,367 shares, a decrease of 76.7% from the May 31st total of 108,774 shares. Based on an average daily volume of 170,111 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On SPDR S&P Telecom ETF

Several hedge funds have recently bought and sold shares of the stock. Pacific Sun Financial Corp raised its holdings in shares of SPDR S&P Telecom ETF by 1.8% in the first quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock worth $525,000 after acquiring an additional 50 shares during the last quarter. Cetera Investment Advisers increased its position in 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 in the last quarter. Kaizen Financial Strategies increased its position in 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in SPDR S&P Telecom ETF by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 25,139 shares of the company’s stock valued at $3,852,000 after purchasing an additional 137 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in SPDR S&P Telecom ETF by 10.4% in the 4th quarter. MML Investors Services LLC now owns 2,551 shares of the company’s stock valued at $391,000 after purchasing an additional 241 shares during the last quarter.

SPDR S&P Telecom ETF Stock Up 0.5%

Shares of XTL traded up $1.12 during mid-day trading on Friday, reaching $216.66. 94,031 shares of the company’s stock were exchanged, compared to its average volume of 80,180. The company has a 50-day simple moving average of $226.03 and a two-hundred day simple moving average of $192.15. SPDR S&P Telecom ETF has a 52-week low of $114.88 and a 52-week high of $247.62. The company has a market cap of $751.81 million, a price-to-earnings ratio of 17.49 and a beta of 1.14.

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.