SPDR S&P Telecom ETF (NYSEARCA:XTL) Sees Large Increase in Short Interest

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 64,754 shares, a growth of 65.6% from the April 30th total of 39,101 shares. Based on an average daily trading volume, of 88,448 shares, the short-interest ratio is presently 0.7 days. Approximately 1.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XTL. Jones Financial Companies Lllp boosted its holdings in SPDR S&P Telecom ETF by 119.2% in the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after purchasing an additional 230 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in SPDR S&P Telecom ETF in the fourth quarter valued at about $80,000. International Assets Investment Management LLC purchased a new position in SPDR S&P Telecom ETF in the fourth quarter valued at about $131,000. Harbour Investments Inc. purchased a new position in SPDR S&P Telecom ETF in the fourth quarter valued at about $150,000. Finally, Envestnet Asset Management Inc. purchased a new position in SPDR S&P Telecom ETF in the second quarter valued at about $200,000.

SPDR S&P Telecom ETF Price Performance

Shares of NYSEARCA XTL opened at $238.31 on Thursday. SPDR S&P Telecom ETF has a 1-year low of $104.48 and a 1-year high of $247.62. The business has a 50-day moving average of $217.46 and a 200-day moving average of $182.83. The company has a market capitalization of $826.94 million, a price-to-earnings ratio of 17.49 and a beta of 1.14.

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.