SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 34,864 shares, a growth of 101.9% from the July 30th total of 17,264 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,994 shares, the short-interest ratio is presently 0.7 days.
Institutional Investors Weigh In On SPDR S&P Telecom ETF
Several hedge funds have recently made changes to their positions in the company. Corient Private Wealth LP purchased a new stake in shares of SPDR S&P Telecom ETF in the second quarter valued at $239,000. Ameritas Advisory Services LLC acquired a new position in SPDR S&P Telecom ETF in the 2nd quarter valued at approximately $218,000. Compass Financial Management LLC purchased a new position in shares of SPDR S&P Telecom ETF during the 2nd quarter valued at $1,121,000. Integrity Financial Corp WA acquired a new stake in SPDR S&P Telecom ETF during the second quarter valued at $100,000. Finally, Avior Wealth Management LLC grew its position in SPDR S&P Telecom ETF by 6.1% in the second quarter. Avior Wealth Management LLC now owns 3,616 shares of the company’s stock worth $823,000 after acquiring an additional 209 shares in the last quarter.
SPDR S&P Telecom ETF Stock Performance
Shares of NYSEARCA:XTL opened at $209.82 on Monday. The company has a market capitalization of $570.71 million, a PE ratio of 17.49 and a beta of 1.16. The stock has a fifty day moving average of $214.78 and a 200-day moving average of $210.07. SPDR S&P Telecom ETF has a one year low of $130.63 and a one year high of $247.62.
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.
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