SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Short Interest Down 39.3% in July

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 103,933 shares, a drop of 39.3% from the July 15th total of 171,250 shares. Based on an average daily volume of 80,874 shares, the short-interest ratio is currently 1.3 days. Currently, 1.9% of the shares of the company are short sold.

SPDR S&P Semiconductor ETF Stock Performance

NYSEARCA XSD opened at $517.74 on Wednesday. The firm’s fifty day moving average is $550.10 and its two-hundred day moving average is $469.06. SPDR S&P Semiconductor ETF has a one year low of $267.00 and a one year high of $658.14. The firm has a market cap of $2.88 billion, a PE ratio of 33.47 and a beta of 2.01.

Hedge Funds Weigh In On SPDR S&P Semiconductor ETF

Several institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors raised its position in SPDR S&P Semiconductor ETF by 116.1% during the 4th quarter. World Investment Advisors now owns 2,905 shares of the company’s stock worth $934,000 after buying an additional 1,561 shares during the last quarter. Ruggiero Investments Inc. purchased a new stake in shares of SPDR S&P Semiconductor ETF in the fourth quarter valued at about $456,000. SMI Advisory Services LLC purchased a new stake in shares of SPDR S&P Semiconductor ETF in the second quarter valued at about $20,604,000. Vertex Investment Solutions Co. Ltd. acquired a new position in shares of SPDR S&P Semiconductor ETF during the first quarter worth about $1,387,000. Finally, Clearwave Capital LLC acquired a new position in shares of SPDR S&P Semiconductor ETF during the fourth quarter worth about $306,000.

About SPDR S&P Semiconductor ETF

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.