Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Decreases By 76.7%

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 25,367 shares, a decline of 76.7% from the May 31st total of 108,774 shares. Based on an average trading volume of 170,111 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Trading of SPDR S&P Telecom ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacific Sun Financial Corp boosted its holdings in SPDR S&P Telecom ETF by 1.8% in the 1st quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock worth $525,000 after buying an additional 50 shares during the period. Cetera Investment Advisers raised its holdings in SPDR S&P Telecom ETF by 0.3% during the 4th quarter. Cetera Investment Advisers now owns 37,694 shares of the company’s stock valued at $5,775,000 after acquiring an additional 115 shares during the period. Kaizen Financial Strategies lifted its position 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 acquiring an additional 125 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of SPDR S&P Telecom ETF by 0.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 25,139 shares of the company’s stock worth $3,852,000 after acquiring an additional 137 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of SPDR S&P Telecom ETF by 10.4% in the fourth quarter. MML Investors Services LLC now owns 2,551 shares of the company’s stock worth $391,000 after acquiring an additional 241 shares during the period.

SPDR S&P Telecom ETF Stock Performance

NYSEARCA XTL traded up $8.07 during trading on Monday, hitting $224.73. 212,087 shares of the company’s stock traded hands, compared to its average volume of 81,077. The stock has a market capitalization of $779.81 million, a price-to-earnings ratio of 17.49 and a beta of 1.14. SPDR S&P Telecom ETF has a 12-month low of $114.88 and a 12-month high of $247.62. The business has a 50 day moving average of $226.03 and a 200-day moving average of $192.43.

About SPDR S&P Telecom ETF

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.