Short Interest in SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Decreases By 24.5%

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 94,607 shares, a decline of 24.5% from the January 15th total of 125,326 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 32,615 shares, the days-to-cover ratio is presently 2.9 days. Based on an average daily trading volume, of 32,615 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.9% of the company’s shares are sold short.

SPDR S&P Semiconductor ETF Stock Performance

Shares of SPDR S&P Semiconductor ETF stock opened at $362.54 on Tuesday. The stock has a 50 day moving average of $344.30 and a 200 day moving average of $323.44. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 33.47 and a beta of 1.60. SPDR S&P Semiconductor ETF has a fifty-two week low of $156.77 and a fifty-two week high of $373.89.

Institutional Trading of SPDR S&P Semiconductor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of XSD. MMA Asset Management LLC acquired a new position in SPDR S&P Semiconductor ETF in the third quarter valued at about $32,000. CIBC Private Wealth Group LLC purchased a new stake in shares of SPDR S&P Semiconductor ETF in the 3rd quarter valued at approximately $32,000. Valley National Advisers Inc. purchased a new stake in shares of SPDR S&P Semiconductor ETF in the 4th quarter valued at approximately $33,000. Strategic Advocates LLC lifted its holdings in shares of SPDR S&P Semiconductor ETF by 71.0% in the 4th quarter. Strategic Advocates LLC now owns 106 shares of the company’s stock worth $34,000 after acquiring an additional 44 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of SPDR S&P Semiconductor ETF by 98.2% during the 3rd quarter. Bessemer Group Inc. now owns 111 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the period.

About SPDR S&P Semiconductor ETF

SPDR S&P Semiconductor ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Semiconductor Select Industry Index. The S&P Semiconductor Select Industry Index represents the Semiconductor sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.