SPDR S&P Software & Services ETF (NYSEARCA:XSW) Short Interest Update

SPDR S&P Software & Services ETF (NYSEARCA:XSW) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 138,949 shares, a drop of 35.5% from the May 14th total of 215,346 shares. Based on an average trading volume of 79,386 shares, the days-to-cover ratio is presently 1.8 days. Currently, 5.8% of the company’s shares are sold short.

SPDR S&P Software & Services ETF Stock Performance

XSW traded down $0.73 on Tuesday, hitting $166.97. 13,014 shares of the company were exchanged, compared to its average volume of 90,973. The firm has a fifty day simple moving average of $158.68 and a two-hundred day simple moving average of $165.53. SPDR S&P Software & Services ETF has a 12 month low of $135.19 and a 12 month high of $205.76. The stock has a market capitalization of $402.40 million, a PE ratio of 30.29 and a beta of 1.17.

Hedge Funds Weigh In On SPDR S&P Software & Services ETF

Several institutional investors and hedge funds have recently bought and sold shares of XSW. Two Sigma Investments LP bought a new position in SPDR S&P Software & Services ETF during the 3rd quarter worth approximately $5,735,000. Performa Ltd US LLC bought a new position in SPDR S&P Software & Services ETF during the 1st quarter worth approximately $3,842,000. High Point Wealth Management LLC bought a new position in SPDR S&P Software & Services ETF during the 4th quarter worth approximately $3,858,000. Royal Bank of Canada lifted its holdings in SPDR S&P Software & Services ETF by 300.9% in the 1st quarter. Royal Bank of Canada now owns 24,558 shares of the company’s stock worth $3,495,000 after buying an additional 18,433 shares during the period. Finally, LPL Financial LLC lifted its holdings in SPDR S&P Software & Services ETF by 18.4% in the 4th quarter. LPL Financial LLC now owns 118,013 shares of the company’s stock worth $22,085,000 after buying an additional 18,349 shares during the period.

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.