SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Update

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 35,194 shares, a drop of 22.3% from the December 31st total of 45,321 shares. Based on an average daily volume of 39,396 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are short sold. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 39,396 shares, the days-to-cover ratio is presently 0.9 days.

SPDR NYSE Technology ETF Stock Down 2.6%

XNTK traded down $7.61 during trading hours on Friday, hitting $281.68. The stock had a trading volume of 18,780 shares, compared to its average volume of 35,654. The company’s fifty day simple moving average is $281.35 and its 200 day simple moving average is $268.10. The stock has a market cap of $1.59 billion, a PE ratio of 31.16 and a beta of 1.31. SPDR NYSE Technology ETF has a 1 year low of $159.43 and a 1 year high of $295.79.

Institutional Trading of SPDR NYSE Technology ETF

A number of hedge funds have recently modified their holdings of the business. HBK Sorce Advisory LLC purchased a new stake in shares of SPDR NYSE Technology ETF during the 3rd quarter valued at about $5,156,000. GoalVest Advisory LLC increased its stake in SPDR NYSE Technology ETF by 36.8% during the 3rd quarter. GoalVest Advisory LLC now owns 37,138 shares of the company’s stock valued at $10,110,000 after purchasing an additional 9,982 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of SPDR NYSE Technology ETF in the 2nd quarter valued at $97,000. 17 Capital Partners LLC lifted its stake in shares of SPDR NYSE Technology ETF by 20.2% in the 2nd quarter. 17 Capital Partners LLC now owns 3,723 shares of the company’s stock valued at $883,000 after purchasing an additional 626 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of SPDR NYSE Technology ETF by 71.3% during the 2nd quarter. Bank of Montreal Can now owns 550 shares of the company’s stock valued at $131,000 after buying an additional 229 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.