SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 15,461 shares, a growth of 141.5% from the September 15th total of 6,403 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 41,657 shares, the days-to-cover ratio is currently 0.4 days.
SPDR NYSE Technology ETF Price Performance
Shares of XNTK opened at $365.26 on Thursday. SPDR NYSE Technology ETF has a 1-year low of $242.73 and a 1-year high of $395.35. The company has a market capitalization of $2.01 billion, a P/E ratio of 31.16 and a beta of 1.45. The firm’s 50 day simple moving average is $367.88 and its 200 day simple moving average is $347.83.
Hedge Funds Weigh In On SPDR NYSE Technology ETF
A number of institutional investors have recently made changes to their positions in XNTK. Integrity Financial Corp WA purchased a new position in SPDR NYSE Technology ETF in the second quarter worth $45,000. Ashton Thomas Securities LLC bought a new position in SPDR NYSE Technology ETF in the first quarter valued at $41,000. Beacon Investment Advisory Services Inc. increased its stake in SPDR NYSE Technology ETF by 55.3% in the second quarter. Beacon Investment Advisory Services Inc. now owns 191 shares of the company’s stock valued at $75,000 after acquiring an additional 68 shares during the last quarter. Fifth Third Bancorp bought a new position in SPDR NYSE Technology ETF in the first quarter valued at $58,000. Finally, Continuum Advisory LLC bought a new position in SPDR NYSE Technology ETF in the second quarter valued at $159,000.
SPDR NYSE Technology ETF Company Profile
SPDR Morgan Stanley Technology ETF (the Fund) seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors.
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