Short Interest in SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Decreases By 50.8%

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 93,431 shares, a decline of 50.8% from the May 31st total of 189,821 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 169,089 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XSD. Glenmede Trust Co. NA bought a new position in shares of SPDR S&P Semiconductor ETF in the first quarter valued at approximately $33,000. Western Wealth Management LLC bought a new stake in shares of SPDR S&P Semiconductor ETF in the first quarter valued at approximately $61,000. Royal Bank of Canada lifted its stake in shares of SPDR S&P Semiconductor ETF by 64.1% during the 1st quarter. Royal Bank of Canada now owns 26,453 shares of the company’s stock valued at $8,627,000 after buying an additional 10,336 shares in the last quarter. Gateway Wealth Partners LLC grew its stake in SPDR S&P Semiconductor ETF by 88.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 1,794 shares of the company’s stock valued at $585,000 after buying an additional 843 shares in the last quarter. Finally, MWA Asset Management bought a new stake in SPDR S&P Semiconductor ETF during the 1st quarter valued at $82,000.

SPDR S&P Semiconductor ETF Trading Down 5.4%

Shares of NYSEARCA:XSD traded down $32.09 during trading on Thursday, reaching $563.95. 65,851 shares of the stock were exchanged, compared to its average volume of 83,430. SPDR S&P Semiconductor ETF has a 12 month low of $254.82 and a 12 month high of $658.14. The stock has a 50-day moving average price of $569.41 and a 200-day moving average price of $424.84. The firm has a market cap of $3.14 billion, a PE ratio of 33.47 and a beta of 1.99.

SPDR S&P Semiconductor ETF Company Profile

SPDR S&P Semiconductor ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Semiconductor Select Industry Index. The S&P Semiconductor Select Industry Index represents the Semiconductor sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.