SPDR S&P Software & Services ETF (NYSEARCA:XSW) Sees Large Drop in Short Interest

SPDR S&P Software & Services ETF (NYSEARCA:XSW) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 138,949 shares, a decrease of 35.5% from the May 14th total of 215,346 shares. Based on an average trading volume of 79,386 shares, the days-to-cover ratio is presently 1.8 days. Approximately 5.8% of the company’s stock are short sold.

SPDR S&P Software & Services ETF Stock Down 2.8%

XSW opened at $162.29 on Thursday. SPDR S&P Software & Services ETF has a 52-week low of $135.19 and a 52-week high of $205.76. The company has a market cap of $391.12 million, a P/E ratio of 30.29 and a beta of 1.17. The firm’s 50-day moving average price is $159.45 and its 200-day moving average price is $165.26.

Hedge Funds Weigh In On SPDR S&P Software & Services ETF

Hedge funds have recently modified their holdings of the stock. Financial Life Planners acquired a new position in shares of SPDR S&P Software & Services ETF during the third quarter valued at about $25,000. Triumph Capital Management acquired a new position in SPDR S&P Software & Services ETF in the 3rd quarter worth approximately $34,000. Fifth Third Bancorp acquired a new position in SPDR S&P Software & Services ETF in the 1st quarter worth approximately $53,000. Advisory Services Network LLC acquired a new position in SPDR S&P Software & Services ETF in the 3rd quarter worth approximately $141,000. Finally, Summit Financial LLC acquired a new position in SPDR S&P Software & Services ETF in the 4th quarter worth approximately $200,000.

About SPDR S&P Software & Services ETF

The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.