SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Down 60.3% in August

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 9,088 shares, a drop of 60.3% from the July 30th total of 22,912 shares. Based on an average daily volume of 37,994 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

SPDR NYSE Technology ETF Stock Performance

Shares of SPDR NYSE Technology ETF stock traded down $5.98 during midday trading on Friday, hitting $358.03. The company had a trading volume of 30,060 shares, compared to its average volume of 50,348. The stock has a market capitalization of $2.20 billion, a P/E ratio of 31.16 and a beta of 1.45. The company has a 50 day moving average of $358.26 and a 200 day moving average of $323.15. SPDR NYSE Technology ETF has a 52-week low of $236.22 and a 52-week high of $392.44.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

A number of institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC grew its position in shares of 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 worth $311,000 after purchasing an additional 41 shares in the last quarter. LVM Capital Management Ltd. MI boosted its stake in SPDR NYSE Technology ETF by 1.2% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 3,711 shares of the company’s stock worth $1,450,000 after purchasing an additional 43 shares during the period. MML Investors Services LLC boosted its stake in SPDR NYSE Technology ETF by 1.5% in the 2nd quarter. MML Investors Services LLC now owns 3,088 shares of the company’s stock worth $733,000 after purchasing an additional 45 shares during the period. SFG Wealth Management LLC. grew its holdings in SPDR NYSE Technology ETF by 0.4% during the 3rd quarter. SFG Wealth Management LLC. now owns 11,755 shares of the company’s stock valued at $3,200,000 after buying an additional 50 shares in the last quarter. Finally, Summit Investment Advisory Services LLC raised its position in shares of SPDR NYSE Technology ETF by 5.2% during the first quarter. Summit Investment Advisory Services LLC now owns 1,052 shares of the company’s stock valued at $268,000 after buying an additional 52 shares during the last quarter.

About SPDR NYSE Technology ETF

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.