SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Update

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 39,101 shares, a drop of 63.2% from the April 15th total of 106,258 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 126,046 shares, the days-to-cover ratio is presently 0.3 days.

SPDR S&P Telecom ETF Stock Up 2.1%

Shares of NYSEARCA XTL traded up $4.77 during trading on Thursday, reaching $231.76. 112,125 shares of the company traded hands, compared to its average volume of 67,949. The firm has a 50 day simple moving average of $203.65 and a 200-day simple moving average of $173.83. SPDR S&P Telecom ETF has a 52-week low of $101.24 and a 52-week high of $232.59. The stock has a market capitalization of $804.21 million, a PE ratio of 17.49 and a beta of 1.14.

Hedge Funds Weigh In On SPDR S&P Telecom ETF

Several institutional investors have recently made changes to their positions in XTL. 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 purchasing an additional 230 shares during the period. Kestra Advisory Services LLC bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth approximately $80,000. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth approximately $131,000. Harbour Investments Inc. bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth approximately $150,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of SPDR S&P Telecom ETF in the 2nd quarter worth approximately $200,000.

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.