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

SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 29,655 shares, an increase of 156.6% from the November 30th total of 11,555 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 42,751 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 42,751 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Trading of SPDR NYSE Technology ETF

Several institutional investors and hedge funds have recently made changes to their positions in XNTK. Auto Owners Insurance Co grew its position in SPDR NYSE Technology ETF by 2.7% in the second quarter. Auto Owners Insurance Co now owns 1,520,500 shares of the company’s stock worth $360,784,000 after acquiring an additional 39,400 shares in the last quarter. SoundView Advisors Inc. bought a new stake in SPDR NYSE Technology ETF during the third quarter worth about $357,706,000. New Harbor Financial Group LLC boosted its holdings in shares of SPDR NYSE Technology ETF by 2.6% in the 3rd quarter. New Harbor Financial Group LLC now owns 102,554 shares of the company’s stock worth $27,918,000 after purchasing an additional 2,622 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR NYSE Technology ETF by 2.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 68,879 shares of the company’s stock valued at $18,751,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of SPDR NYSE Technology ETF by 22.2% during the 3rd quarter. Bank of America Corp DE now owns 62,896 shares of the company’s stock valued at $17,122,000 after purchasing an additional 11,447 shares during the last quarter.

SPDR NYSE Technology ETF Trading Up 0.0%

Shares of XNTK traded up $0.01 during trading hours on Friday, reaching $282.57. 9,840 shares of the company’s stock traded hands, compared to its average volume of 32,751. SPDR NYSE Technology ETF has a 12 month low of $159.43 and a 12 month high of $295.79. The stock has a market cap of $1.48 billion, a PE ratio of 31.16 and a beta of 1.31. The firm’s 50 day simple moving average is $279.60 and its 200-day simple moving average is $259.08.

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.