SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Short Interest Down 37.3% in June

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 156,707 shares, a decline of 37.3% from the June 15th total of 249,867 shares. Based on an average trading volume of 206,586 shares, the short-interest ratio is presently 0.8 days. Approximately 0.7% of the company’s shares are short sold.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:XAR opened at $258.57 on Friday. The firm has a market capitalization of $5.84 billion, a PE ratio of 35.83 and a beta of 1.00. The business has a 50-day moving average of $274.95 and a two-hundred day moving average of $271.82. SPDR S&P Aerospace & Defense ETF has a 12 month low of $208.77 and a 12 month high of $295.39.

Institutional Trading of SPDR S&P Aerospace & Defense ETF

A number of institutional investors have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the first quarter valued at approximately $28,000. Glenmede Trust Co. NA acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the first quarter worth $30,000. Strive Financial Group LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth $30,000. Darwin Wealth Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $43,000. Finally, Key Financial Inc purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at $50,000.

SPDR S&P Aerospace & Defense ETF Company Profile

The SPDR S&P Aerospace & Defense ETF (XAR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of US aerospace & defense companies. XAR was launched on Sep 28, 2011 and is managed by State Street.