Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Increases By 68.0%

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 108,774 shares, an increase of 68.0% from the May 14th total of 64,754 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 80,934 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in SPDR S&P Telecom ETF by 119.2% in the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after acquiring an additional 230 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $80,000. International Assets Investment Management LLC purchased a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $131,000. Harbour Investments Inc. bought a new position in SPDR S&P Telecom ETF in the 4th quarter worth about $150,000. Finally, Larry Mathis Financial Planning LLC bought a new position in SPDR S&P Telecom ETF in the 1st quarter worth about $215,000.

SPDR S&P Telecom ETF Stock Up 0.1%

Shares of XTL stock traded up $0.28 during trading hours on Monday, hitting $231.26. 100,651 shares of the company’s stock traded hands, compared to its average volume of 79,642. The stock’s fifty day simple moving average is $223.51 and its two-hundred day simple moving average is $187.89. SPDR S&P Telecom ETF has a 12-month low of $106.84 and a 12-month high of $247.62. The stock has a market cap of $802.47 million, a price-to-earnings ratio of 17.49 and a beta of 1.14.

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.