Short Interest in SPDR NYSE Technology ETF (NYSEARCA:XNTK) Increases By 101.9%

SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 7,548 shares, a growth of 101.9% from the March 15th total of 3,738 shares. Based on an average daily trading volume, of 31,902 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. acquired a new position in shares of SPDR NYSE Technology ETF in the 4th quarter valued at $25,000. Allspring Global Investments Holdings LLC acquired a new position in SPDR NYSE Technology ETF in the 4th quarter worth $28,000. Qube Research & Technologies Ltd boosted its stake in SPDR NYSE Technology ETF by 351.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after purchasing an additional 116 shares during the period. Farther Finance Advisors LLC boosted its stake in SPDR NYSE Technology ETF by 101.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 161 shares of the company’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, Realta Investment Advisors boosted its stake in SPDR NYSE Technology ETF by 41.7% in the 4th quarter. Realta Investment Advisors now owns 170 shares of the company’s stock worth $47,000 after purchasing an additional 50 shares during the period.

SPDR NYSE Technology ETF Trading Up 0.5%

Shares of XNTK stock traded up $1.45 on Friday, hitting $276.44. The stock had a trading volume of 72,531 shares, compared to its average volume of 37,243. SPDR NYSE Technology ETF has a twelve month low of $171.66 and a twelve month high of $295.79. The firm has a market cap of $1.56 billion, a P/E ratio of 31.16 and a beta of 1.33. The company has a fifty day moving average price of $266.51 and a two-hundred day moving average price of $275.35.

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.