SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Up 68.0% in May

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 108,774 shares, a growth of 68.0% from the May 14th total of 64,754 shares. Based on an average trading volume of 80,934 shares, the short-interest ratio is currently 1.3 days. Approximately 3.1% of the company’s stock are sold short.

SPDR S&P Telecom ETF Trading Up 0.1%

NYSEARCA:XTL traded up $0.27 during trading hours on Wednesday, hitting $224.30. The company’s stock had a trading volume of 19,680 shares, compared to its average volume of 78,999. The stock has a market capitalization of $778.32 million, a P/E ratio of 17.49 and a beta of 1.14. The stock has a fifty day moving average of $224.01 and a 200-day moving average of $188.44. SPDR S&P Telecom ETF has a 52-week low of $107.98 and a 52-week high of $247.62.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in shares of SPDR S&P Telecom ETF by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock valued at $5,774,000 after buying an additional 2,771 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in SPDR S&P Telecom ETF in the second quarter valued at approximately $200,000. Raymond James Financial Inc. raised its position in SPDR S&P Telecom ETF by 2.5% in the 2nd quarter. Raymond James Financial Inc. now owns 33,485 shares of the company’s stock valued at $3,928,000 after purchasing an additional 805 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of SPDR S&P Telecom ETF by 119.2% in the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after buying an additional 230 shares during the last quarter. Finally, Kaizen Financial Strategies boosted its stake in shares of SPDR S&P Telecom ETF by 2.0% during the third quarter. Kaizen Financial Strategies now owns 6,245 shares of the company’s stock worth $910,000 after buying an additional 125 shares during the period.

SPDR S&P Telecom ETF Company Profile

The SPDR S&P Telecom ETF (XTL) is an exchange-traded fund that is based on the S&P Telecom Select Industry index. The fund tracks an equal-weighted index of US telecom companies selected by the S&P Committee. XTL was launched on Jan 26, 2011 and is managed by State Street.