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

SPDR S&P Telecom ETF (NYSEARCA:XTL) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 25,367 shares, a decline of 76.7% from the May 31st total of 108,774 shares. Based on an average daily volume of 170,111 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of XTL. NewEdge Advisors LLC lifted its position in shares of SPDR S&P Telecom ETF by 43.1% during the first quarter. NewEdge Advisors LLC now owns 1,978 shares of the company’s stock worth $372,000 after acquiring an additional 596 shares in the last quarter. Bank of America Corp DE grew its position in shares of SPDR S&P Telecom ETF by 6.5% in the first quarter. Bank of America Corp DE now owns 80,922 shares of the company’s stock valued at $15,218,000 after purchasing an additional 4,960 shares in the last quarter. Royal Bank of Canada grew its position in shares of SPDR S&P Telecom ETF by 583.0% in the first quarter. Royal Bank of Canada now owns 2,377 shares of the company’s stock valued at $447,000 after purchasing an additional 2,029 shares in the last quarter. Liberty One Investment Management LLC raised its stake in shares of SPDR S&P Telecom ETF by 3.1% during the 1st quarter. Liberty One Investment Management LLC now owns 9,023 shares of the company’s stock valued at $1,697,000 after purchasing an additional 269 shares during the period. Finally, Pacific Sun Financial Corp raised its stake in shares of SPDR S&P Telecom ETF by 1.8% during the 1st quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock valued at $525,000 after purchasing an additional 50 shares during the period.

SPDR S&P Telecom ETF Trading Up 0.5%

Shares of XTL stock opened at $216.66 on Friday. The stock has a market capitalization of $751.81 million, a P/E ratio of 17.49 and a beta of 1.14. The firm’s 50 day moving average is $226.03 and its 200 day moving average is $192.15. SPDR S&P Telecom ETF has a 12 month low of $114.88 and a 12 month high of $247.62.

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.