Short Interest in SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Grows By 38.9%

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 131,390 shares, an increase of 38.9% from the January 29th total of 94,607 shares. Based on an average trading volume of 46,714 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.7% of the company’s stock are short sold. Approximately 2.7% of the company’s stock are short sold. Based on an average trading volume of 46,714 shares, the days-to-cover ratio is presently 2.8 days.

Hedge Funds Weigh In On SPDR S&P Semiconductor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC bought a new position in SPDR S&P Semiconductor ETF during the third quarter valued at $32,000. MMA Asset Management LLC bought a new stake in SPDR S&P Semiconductor ETF in the 3rd quarter valued at about $32,000. Valley National Advisers Inc. purchased a new stake in SPDR S&P Semiconductor ETF during the fourth quarter valued at about $33,000. Strategic Advocates LLC boosted its position in SPDR S&P Semiconductor ETF by 71.0% during the fourth quarter. Strategic Advocates LLC now owns 106 shares of the company’s stock worth $34,000 after purchasing an additional 44 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of SPDR S&P Semiconductor ETF by 120.0% in the third quarter. Sunbelt Securities Inc. now owns 110 shares of the company’s stock worth $35,000 after purchasing an additional 60 shares in the last quarter.

SPDR S&P Semiconductor ETF Trading Down 4.3%

Shares of XSD traded down $15.42 during trading hours on Wednesday, reaching $340.55. 1,761 shares of the stock traded hands, compared to its average volume of 38,600. The stock has a fifty day simple moving average of $349.86 and a 200 day simple moving average of $329.82. SPDR S&P Semiconductor ETF has a 52 week low of $156.77 and a 52 week high of $373.89. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 33.47 and a beta of 1.60.

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.