SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Update

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 13,637 shares, a decline of 60.6% from the January 15th total of 34,617 shares. Based on an average daily volume of 13,781 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the company’s shares are sold short. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 13,781 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Institutional investors have recently modified their holdings of the stock. CWM LLC purchased a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $33,959,000. Bank of America Corp DE raised its holdings in SPDR S&P Telecom ETF by 48.8% in the third quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock worth $9,067,000 after buying an additional 21,242 shares during the last quarter. Castleark Management LLC bought a new position in shares of SPDR S&P Telecom ETF in the third quarter worth approximately $8,359,000. Goldman Sachs Group Inc. grew its holdings in shares of SPDR S&P Telecom ETF by 5.0% during the first quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock valued at $5,774,000 after buying an additional 2,771 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of SPDR S&P Telecom ETF by 184.7% during the fourth quarter. UBS Group AG now owns 52,178 shares of the company’s stock valued at $7,995,000 after buying an additional 33,851 shares during the last quarter.

SPDR S&P Telecom ETF Trading Up 2.2%

XTL traded up $3.74 during midday trading on Friday, reaching $175.85. The company’s stock had a trading volume of 7,713 shares, compared to its average volume of 20,147. The stock’s 50-day moving average is $159.93 and its 200-day moving average is $146.65. SPDR S&P Telecom ETF has a 1 year low of $84.68 and a 1 year high of $176.93. The firm has a market capitalization of $263.78 million, a price-to-earnings ratio of 17.49 and a beta of 1.11.

SPDR S&P Telecom ETF Company Profile

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.