Short Interest in SPDR S&P Software & Services ETF (NYSEARCA:XSW) Expands By 84.9%

SPDR S&P Software & Services ETF (NYSEARCA:XSW) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 80,806 shares, an increase of 84.9% from the December 15th total of 43,710 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily volume of 12,007 shares, the short-interest ratio is presently 6.7 days. Based on an average daily volume of 12,007 shares, the short-interest ratio is presently 6.7 days. Approximately 3.4% of the shares of the stock are short sold.

SPDR S&P Software & Services ETF Trading Down 1.5%

NYSEARCA:XSW traded down $2.85 during trading hours on Thursday, hitting $183.09. The company had a trading volume of 51,770 shares, compared to its average volume of 21,570. SPDR S&P Software & Services ETF has a 1 year low of $137.55 and a 1 year high of $205.76. The company has a 50-day moving average of $188.15 and a 200 day moving average of $191.32. The company has a market cap of $430.26 million, a P/E ratio of 30.29 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Beacon Financial Advisory LLC increased its holdings in SPDR S&P Software & Services ETF by 2.8% in the 3rd quarter. Beacon Financial Advisory LLC now owns 1,948 shares of the company’s stock valued at $385,000 after purchasing an additional 53 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of SPDR S&P Software & Services ETF by 6.4% in the 2nd quarter. IFP Advisors Inc now owns 1,486 shares of the company’s stock valued at $282,000 after buying an additional 89 shares during the period. Retirement Income Solutions Inc grew its holdings in SPDR S&P Software & Services ETF by 6.5% during the 2nd quarter. Retirement Income Solutions Inc now owns 1,979 shares of the company’s stock worth $376,000 after acquiring an additional 120 shares in the last quarter. Creative Planning raised its stake in SPDR S&P Software & Services ETF by 5.8% in the third quarter. Creative Planning now owns 2,189 shares of the company’s stock valued at $433,000 after buying an additional 120 shares in the last quarter. Finally, Financial Life Planners acquired a new stake in shares of SPDR S&P Software & Services ETF during the 3rd quarter worth about $25,000.

About SPDR S&P Software & Services ETF

The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.