SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Down 60.3% in August

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 9,088 shares, a decrease of 60.3% from the July 30th total of 22,912 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 37,994 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LP lifted its holdings in shares of SPDR NYSE Technology ETF by 262.9% in the 2nd quarter. Corient Private Wealth LP now owns 34,268 shares of the company’s stock valued at $13,387,000 after buying an additional 24,824 shares during the period. Ameritas Advisory Services LLC purchased a new position in SPDR NYSE Technology ETF in the second quarter worth $23,902,000. Melone Private Wealth LLC purchased a new position in SPDR NYSE Technology ETF in the second quarter worth $66,253,000. SFG Wealth Management LLC. lifted its holdings in SPDR NYSE Technology ETF by 6.2% in the second quarter. SFG Wealth Management LLC. now owns 13,096 shares of the company’s stock valued at $5,116,000 after acquiring an additional 769 shares during the period. Finally, NWF Advisory Services Inc. acquired a new stake in SPDR NYSE Technology ETF in the second quarter valued at $3,070,000.

SPDR NYSE Technology ETF Price Performance

NYSEARCA:XNTK opened at $364.01 on Friday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 31.16 and a beta of 1.45. SPDR NYSE Technology ETF has a 1-year low of $236.22 and a 1-year high of $392.44. The firm’s fifty day moving average price is $358.82 and its 200 day moving average price is $322.90.

About SPDR NYSE Technology ETF

SPDR Morgan Stanley Technology ETF (the Fund) seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors.