SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Update

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 36,794 shares, a growth of 59.0% from the December 31st total of 23,138 shares. Based on an average trading volume of 108,476 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.4% of the shares of the company are short sold. Currently, 1.4% of the shares of the company are short sold. Based on an average trading volume of 108,476 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On SPDR S&P Transportation ETF

Several hedge funds and other institutional investors have recently modified their holdings of XTN. JPMorgan Chase & Co. raised its stake in shares of SPDR S&P Transportation ETF by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock valued at $53,000 after acquiring an additional 186 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of SPDR S&P Transportation ETF during the first quarter worth $351,000. Jones Financial Companies Lllp lifted its holdings in shares of SPDR S&P Transportation ETF by 1,474.6% during the first quarter. Jones Financial Companies Lllp now owns 6,503 shares of the company’s stock worth $480,000 after purchasing an additional 6,090 shares during the period. Two Sigma Investments LP purchased a new position in shares of SPDR S&P Transportation ETF during the 3rd quarter valued at about $906,000. Finally, Raymond James Financial Inc. grew its position in SPDR S&P Transportation ETF by 63.5% during the second quarter. Raymond James Financial Inc. now owns 13,820 shares of the company’s stock valued at $1,112,000 after buying an additional 5,368 shares during the period.

SPDR S&P Transportation ETF Trading Down 1.6%

NYSEARCA XTN traded down $1.52 on Friday, hitting $96.09. 21,464 shares of the company traded hands, compared to its average volume of 77,043. The business’s 50 day moving average price is $93.64 and its 200-day moving average price is $87.70. The company has a market capitalization of $246.95 million, a price-to-earnings ratio of 16.16 and a beta of 1.41. SPDR S&P Transportation ETF has a 52-week low of $61.95 and a 52-week high of $100.98.

About SPDR S&P Transportation ETF

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.