SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Update

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 34,617 shares, an increase of 110.6% from the December 31st total of 16,436 shares. Based on an average daily trading volume, of 25,614 shares, the days-to-cover ratio is presently 1.4 days. Approximately 2.3% of the company’s shares are short sold. Approximately 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 25,614 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of SPDR S&P Telecom ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of SPDR S&P Telecom ETF by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock valued at $5,774,000 after purchasing an additional 2,771 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in SPDR S&P Telecom ETF in the second quarter valued at approximately $97,000. Roman Butler Fullerton & Co. bought a new position in SPDR S&P Telecom ETF in the second quarter valued at approximately $603,000. Envestnet Asset Management Inc. acquired a new stake in SPDR S&P Telecom ETF during the 2nd quarter worth $200,000. Finally, Cetera Investment Advisers grew its holdings in SPDR S&P Telecom ETF by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 36,984 shares of the company’s stock worth $4,339,000 after acquiring an additional 1,098 shares during the period.

SPDR S&P Telecom ETF Price Performance

Shares of NYSEARCA XTL traded up $1.11 during midday trading on Friday, hitting $167.36. The stock had a trading volume of 7,353 shares, compared to its average volume of 19,256. The firm has a market cap of $251.04 million, a P/E ratio of 17.49 and a beta of 1.11. SPDR S&P Telecom ETF has a fifty-two week low of $84.68 and a fifty-two week high of $170.94. The company’s 50-day simple moving average is $154.45 and its 200 day simple moving average is $142.85.

About SPDR S&P Telecom ETF

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.