SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Up 167.2% in April

SPDR S&P Transportation ETF (NYSEARCA:XTN) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 87,667 shares, an increase of 167.2% from the April 15th total of 32,815 shares. Approximately 4.5% of the company’s shares are short sold. Based on an average daily volume of 86,161 shares, the days-to-cover ratio is currently 1.0 days.

SPDR S&P Transportation ETF Stock Up 1.6%

XTN stock opened at $101.66 on Friday. The business’s fifty day moving average is $98.96 and its 200-day moving average is $95.51. The company has a market cap of $200.27 million, a P/E ratio of 16.16 and a beta of 1.36. SPDR S&P Transportation ETF has a twelve month low of $74.36 and a twelve month high of $120.89.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SHP Wealth Management acquired a new position in shares of SPDR S&P Transportation ETF in the 4th quarter valued at $35,000. Steward Partners Investment Advisory LLC lifted its stake in shares of SPDR S&P Transportation ETF by 98.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 517 shares of the company’s stock valued at $47,000 after purchasing an additional 257 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of SPDR S&P Transportation ETF by 41.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock valued at $53,000 after purchasing an additional 186 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of SPDR S&P Transportation ETF by 48.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 691 shares of the company’s stock valued at $63,000 after purchasing an additional 226 shares during the period. Finally, AdvisorNet Financial Inc acquired a new position in shares of SPDR S&P Transportation ETF in the 1st quarter valued at $123,000.

SPDR S&P Transportation ETF Company Profile

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.