Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Declines By 60.6%

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 13,637 shares, a drop of 60.6% from the January 15th total of 34,617 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 13,781 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 13,781 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the shares of the company are sold short.

SPDR S&P Telecom ETF Stock Performance

SPDR S&P Telecom ETF stock traded up $3.74 during midday trading on Friday, hitting $175.85. 7,713 shares of the company’s stock were exchanged, compared to its average volume of 20,147. The stock has a market cap of $263.78 million, a price-to-earnings ratio of 17.49 and a beta of 1.11. SPDR S&P Telecom ETF has a 12-month low of $84.68 and a 12-month high of $176.93. The firm’s 50 day simple moving average is $159.93 and its 200 day simple moving average is $146.65.

Institutional Trading of SPDR S&P Telecom ETF

Hedge funds have recently added to or reduced their stakes in the stock. Kaizen Financial Strategies increased its holdings in shares of SPDR S&P Telecom ETF by 2.0% in the third quarter. Kaizen Financial Strategies now owns 6,245 shares of the company’s stock valued at $910,000 after purchasing an additional 125 shares during the period. Goldman Sachs Group Inc. raised its position in 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 buying an additional 137 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of SPDR S&P Telecom ETF by 119.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after acquiring an additional 230 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P Telecom ETF by 14.9% in the third quarter. Envestnet Asset Management Inc. now owns 1,961 shares of the company’s stock valued at $274,000 after acquiring an additional 255 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of SPDR S&P Telecom ETF by 2.4% during the fourth quarter. Stifel Financial Corp now owns 15,349 shares of the company’s stock worth $2,352,000 after acquiring an additional 364 shares during the period.

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.