SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 34,617 shares, an increase of 110.6% from the December 31st total of 16,436 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 25,614 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 25,614 shares, the short-interest ratio is currently 1.4 days. Currently, 2.3% of the shares of the stock are sold short.
Institutional Trading of SPDR S&P Telecom ETF
Large investors have recently added to or reduced their stakes in the company. CWM LLC acquired a new position in SPDR S&P Telecom ETF in the 4th quarter valued at approximately $33,959,000. Castleark Management LLC acquired a new position in shares of SPDR S&P Telecom ETF in the third quarter valued at $8,359,000. UBS Group AG lifted its position in SPDR S&P Telecom ETF by 184.7% in the fourth quarter. UBS Group AG now owns 52,178 shares of the company’s stock worth $7,995,000 after purchasing an additional 33,851 shares during the period. Bank of America Corp DE boosted its stake in SPDR S&P Telecom ETF by 48.8% during the third quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock worth $9,067,000 after buying an additional 21,242 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in SPDR S&P Telecom ETF during the third quarter worth $2,387,000.
SPDR S&P Telecom ETF Price Performance
NYSEARCA:XTL traded down $0.64 during trading hours on Friday, reaching $165.61. 14,234 shares of the company traded hands, compared to its average volume of 19,647. SPDR S&P Telecom ETF has a 1-year low of $84.68 and a 1-year high of $170.94. The stock has a market cap of $248.42 million, a P/E ratio of 17.49 and a beta of 1.11. The firm’s 50-day moving average is $155.06 and its 200-day moving average is $143.17.
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.
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