SPDR S&P Transportation ETF (NYSEARCA:XTN) Sees Significant Increase in Short Interest

SPDR S&P Transportation ETF (NYSEARCA:XTN) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 28,091 shares, a growth of 35.0% from the November 30th total of 20,804 shares. Based on an average daily trading volume, of 24,538 shares, the short-interest ratio is presently 1.1 days. Approximately 1.7% of the company’s stock are short sold. Approximately 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 24,538 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of SPDR S&P Transportation ETF by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock valued at $53,000 after purchasing an additional 186 shares in the last quarter. Jane Street Group LLC purchased a new position in SPDR S&P Transportation ETF during the 1st quarter valued at about $351,000. Jones Financial Companies Lllp lifted its position in SPDR S&P Transportation ETF by 1,474.6% in the 1st quarter. Jones Financial Companies Lllp now owns 6,503 shares of the company’s stock worth $480,000 after buying an additional 6,090 shares in the last quarter. Two Sigma Investments LP purchased a new position in SPDR S&P Transportation ETF in the third quarter valued at about $906,000. Finally, Raymond James Financial Inc. raised its position in SPDR S&P Transportation ETF by 63.5% during the second quarter. Raymond James Financial Inc. now owns 13,820 shares of the company’s stock valued at $1,112,000 after acquiring an additional 5,368 shares in the last quarter.

SPDR S&P Transportation ETF Stock Performance

Shares of NYSEARCA:XTN traded down $0.19 during mid-day trading on Tuesday, hitting $92.10. 3,540 shares of the company traded hands, compared to its average volume of 21,251. The firm’s 50 day simple moving average is $87.58 and its 200 day simple moving average is $85.20. The firm has a market cap of $152.89 million, a P/E ratio of 16.16 and a beta of 1.41. SPDR S&P Transportation ETF has a 52-week low of $61.95 and a 52-week high of $95.66.

SPDR S&P Transportation ETF Company Profile

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.