SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 26,577 shares, a growth of 94.9% from the January 29th total of 13,637 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 21,196 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 21,196 shares, the short-interest ratio is currently 1.3 days. Approximately 1.8% of the company’s stock are short sold.
SPDR S&P Telecom ETF Stock Performance
XTL stock opened at $184.02 on Friday. The firm has a 50 day simple moving average of $165.33 and a 200 day simple moving average of $150.54. SPDR S&P Telecom ETF has a 52 week low of $84.68 and a 52 week high of $184.02. The stock has a market cap of $276.03 million, a P/E ratio of 17.49 and a beta of 1.11.
Hedge Funds Weigh In On SPDR S&P Telecom ETF
A number of hedge funds have recently modified their holdings of the stock. CWM LLC purchased a new position in SPDR S&P Telecom ETF in the fourth quarter valued at about $33,959,000. Bank of America Corp DE grew its stake in shares of SPDR S&P Telecom ETF by 48.8% in the 3rd quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock valued at $9,067,000 after buying an additional 21,242 shares in the last quarter. Castleark Management LLC acquired a new position in SPDR S&P Telecom ETF in the third quarter worth approximately $8,359,000. Goldman Sachs Group Inc. raised its position in SPDR S&P Telecom ETF by 5.0% during the first quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock valued at $5,774,000 after acquiring an additional 2,771 shares in the last quarter. Finally, UBS Group AG raised its position in SPDR S&P Telecom ETF by 184.7% during the fourth quarter. UBS Group AG now owns 52,178 shares of the company’s stock valued at $7,995,000 after acquiring an additional 33,851 shares in the last quarter.
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.
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