SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 18,441 shares, a drop of 30.6% from the February 12th total of 26,577 shares. Based on an average daily trading volume, of 21,387 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.2% of the shares of the stock are short sold. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,387 shares, the days-to-cover ratio is currently 0.9 days.
Hedge Funds Weigh In On SPDR S&P Telecom ETF
Several hedge funds have recently made changes to their positions in the business. CWM LLC acquired a new stake in SPDR S&P Telecom ETF during the fourth quarter valued at approximately $33,959,000. Castleark Management LLC acquired a new position in SPDR S&P Telecom ETF in the third quarter worth approximately $8,359,000. UBS Group AG grew 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 buying an additional 33,851 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of SPDR S&P Telecom ETF by 48.8% in the third 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. Finally, Susquehanna International Group LLP bought a new position in shares of SPDR S&P Telecom ETF in the third quarter valued at $2,387,000.
SPDR S&P Telecom ETF Trading Down 0.7%
NYSEARCA:XTL traded down $1.26 during mid-day trading on Friday, reaching $184.54. 30,813 shares of the stock were exchanged, compared to its average volume of 24,361. The business has a fifty day moving average price of $172.05 and a 200 day moving average price of $154.76. SPDR S&P Telecom ETF has a 1-year low of $84.68 and a 1-year high of $194.38. The firm has a market capitalization of $276.81 million, a PE ratio of 17.49 and a beta of 1.11.
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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