SPDR S&P Transportation ETF (NYSEARCA:XTN) Sees Large Increase in Short Interest

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 343,678 shares, an increase of 839.2% from the January 29th total of 36,592 shares. Based on an average daily trading volume, of 58,826 shares, the short-interest ratio is currently 5.8 days. Approximately 12.2% of the shares of the company are sold short. Approximately 12.2% of the shares of the company are sold short. Based on an average daily trading volume, of 58,826 shares, the short-interest ratio is currently 5.8 days.

SPDR S&P Transportation ETF Trading Down 0.9%

SPDR S&P Transportation ETF stock traded down $0.89 during midday trading on Wednesday, hitting $100.42. The stock had a trading volume of 35,972 shares, compared to its average volume of 68,437. The firm’s fifty day moving average is $98.19 and its two-hundred day moving average is $90.03. The company has a market capitalization of $282.18 million, a PE ratio of 16.16 and a beta of 1.41. SPDR S&P Transportation ETF has a 52-week low of $61.95 and a 52-week high of $106.66.

Institutional Trading of SPDR S&P Transportation ETF

Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG grew its position in shares of SPDR S&P Transportation ETF by 332.6% during the fourth quarter. UBS Group AG now owns 59,024 shares of the company’s stock valued at $5,393,000 after purchasing an additional 45,379 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in SPDR S&P Transportation ETF by 169.2% during the second quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock valued at $5,762,000 after buying an additional 44,984 shares during the last quarter. Flow Traders U.S. LLC bought a new position in SPDR S&P Transportation ETF during the second quarter valued at approximately $2,149,000. Susquehanna International Group LLP grew its holdings in SPDR S&P Transportation ETF by 306.7% during the 3rd quarter. Susquehanna International Group LLP now owns 25,933 shares of the company’s stock valued at $2,174,000 after buying an additional 19,556 shares in the last quarter. Finally, Brookstone Capital Management purchased a new position in SPDR S&P Transportation ETF during the 4th quarter valued at approximately $1,678,000.

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.