Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Expands By 59.9%

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 16,436 shares, an increase of 59.9% from the December 15th total of 10,276 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 19,368 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 19,368 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Trading of SPDR S&P Telecom ETF

Several large investors have recently added to or reduced their stakes in XTL. Jones Financial Companies Lllp lifted its stake in shares of SPDR S&P Telecom ETF by 119.2% during the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after purchasing an additional 230 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in SPDR S&P Telecom ETF during the 2nd quarter worth approximately $97,000. Envestnet Asset Management Inc. purchased a new position in SPDR S&P Telecom ETF in the 2nd quarter worth approximately $200,000. Parkwoods Wealth Partners LLC purchased a new position in SPDR S&P Telecom ETF in the 3rd quarter worth approximately $206,000. Finally, Financial Management Professionals Inc. acquired a new stake in SPDR S&P Telecom ETF in the third quarter valued at approximately $484,000.

SPDR S&P Telecom ETF Stock Down 0.4%

Shares of XTL stock opened at $161.46 on Friday. SPDR S&P Telecom ETF has a fifty-two week low of $84.68 and a fifty-two week high of $163.99. The firm’s 50 day moving average price is $150.50 and its two-hundred day moving average price is $140.23. The stock has a market cap of $234.12 million, a price-to-earnings ratio of 17.49 and a beta of 1.11.

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.