SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Large Growth in Short Interest

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 5,497 shares, an increase of 116.3% from the February 12th total of 2,541 shares. Based on an average daily trading volume, of 28,737 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 28,737 shares, the days-to-cover ratio is currently 0.2 days.

SPDR NYSE Technology ETF Trading Down 0.3%

Shares of XNTK stock traded down $0.81 on Friday, reaching $264.36. 38,978 shares of the company’s stock were exchanged, compared to its average volume of 35,553. The company’s fifty day simple moving average is $275.47 and its 200 day simple moving average is $273.87. SPDR NYSE Technology ETF has a 52 week low of $159.43 and a 52 week high of $295.79. The stock has a market capitalization of $1.50 billion, a PE ratio of 31.16 and a beta of 1.31.

Institutional Trading of SPDR NYSE Technology ETF

A number of large investors have recently made changes to their positions in XNTK. CWM LLC raised its holdings in shares of SPDR NYSE Technology ETF by 4.7% in the 3rd quarter. CWM LLC now owns 875 shares of the company’s stock valued at $238,000 after purchasing an additional 39 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in SPDR NYSE Technology ETF by 3.8% during the fourth quarter. Kestra Advisory Services LLC now owns 1,118 shares of the company’s stock valued at $311,000 after buying an additional 41 shares during the period. MML Investors Services LLC increased its holdings in SPDR NYSE Technology ETF by 1.5% during the second quarter. MML Investors Services LLC now owns 3,088 shares of the company’s stock valued at $733,000 after buying an additional 45 shares during the period. Realta Investment Advisors raised its stake in SPDR NYSE Technology ETF by 41.7% in the fourth quarter. Realta Investment Advisors now owns 170 shares of the company’s stock worth $47,000 after buying an additional 50 shares in the last quarter. Finally, SFG Wealth Management LLC. raised its stake in SPDR NYSE Technology ETF by 0.4% in the third quarter. SFG Wealth Management LLC. now owns 11,755 shares of the company’s stock worth $3,200,000 after buying an additional 50 shares in the last quarter.

SPDR NYSE Technology ETF Company Profile

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.