SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Up 94.9% in February

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 26,577 shares, a growth of 94.9% from the January 29th total of 13,637 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average trading volume of 21,196 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 21,196 shares, the short-interest ratio is presently 1.3 days. Currently, 1.8% of the company’s stock are sold short.

Institutional Trading of SPDR S&P Telecom ETF

A number of institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake in shares of SPDR S&P Telecom ETF by 119.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after purchasing an additional 230 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of SPDR S&P Telecom ETF during the fourth quarter worth $80,000. International Assets Investment Management LLC bought a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth about $131,000. Harbour Investments Inc. bought a new stake in SPDR S&P Telecom ETF in the fourth quarter worth approximately $150,000. Finally, NewEdge Advisors LLC acquired a new position in shares of SPDR S&P Telecom ETF during the 4th quarter valued at $212,000.

SPDR S&P Telecom ETF Price Performance

XTL stock traded up $6.13 during trading hours on Friday, reaching $184.02. The stock had a trading volume of 18,302 shares, compared to its average volume of 20,423. SPDR S&P Telecom ETF has a fifty-two week low of $84.68 and a fifty-two week high of $184.02. The stock has a market capitalization of $276.03 million, a PE ratio of 17.49 and a beta of 1.11. The stock has a 50-day simple moving average of $165.33 and a 200 day simple moving average of $150.69.

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.