SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Up 167.2% in April

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 87,667 shares, a growth of 167.2% from the April 15th total of 32,815 shares. Approximately 4.5% of the company’s shares are short sold. Based on an average daily trading volume, of 86,161 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of SPDR S&P Transportation ETF

Hedge funds have recently added to or reduced their stakes in the business. SHP Wealth Management acquired a new stake in SPDR S&P Transportation ETF during the 4th quarter worth $35,000. Steward Partners Investment Advisory LLC raised its stake in SPDR S&P Transportation ETF by 98.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 517 shares of the company’s stock worth $47,000 after buying an additional 257 shares during the period. JPMorgan Chase & Co. raised its stake in SPDR S&P Transportation ETF by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock worth $53,000 after buying an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in SPDR S&P Transportation ETF by 48.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 691 shares of the company’s stock worth $63,000 after buying an additional 226 shares during the period. Finally, AdvisorNet Financial Inc acquired a new stake in SPDR S&P Transportation ETF during the 1st quarter worth $123,000.

SPDR S&P Transportation ETF Trading Up 1.6%

Shares of SPDR S&P Transportation ETF stock opened at $101.66 on Friday. The company has a market capitalization of $200.27 million, a PE ratio of 16.16 and a beta of 1.36. SPDR S&P Transportation ETF has a 12 month low of $74.36 and a 12 month high of $120.89. The stock’s fifty day simple moving average is $98.96 and its 200 day simple moving average is $95.51.

About SPDR S&P Transportation ETF

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.