SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Down 68.5% in March

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 18,493 shares, a drop of 68.5% from the February 26th total of 58,647 shares. Based on an average daily trading volume, of 53,849 shares, the short-interest ratio is presently 0.3 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 53,849 shares, the short-interest ratio is presently 0.3 days.

SPDR S&P Transportation ETF Trading Up 1.0%

XTN traded up $0.95 during trading on Wednesday, hitting $92.34. 4,203 shares of the company’s stock were exchanged, compared to its average volume of 57,755. SPDR S&P Transportation ETF has a 1 year low of $61.95 and a 1 year high of $106.66. The stock has a 50 day moving average price of $98.05 and a 200 day moving average price of $91.22. The firm has a market cap of $259.48 million, a P/E ratio of 16.16 and a beta of 1.41.

Institutional Trading of SPDR S&P Transportation ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its stake in shares of SPDR S&P Transportation ETF by 102.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,519 shares of the company’s stock worth $504,000 after purchasing an additional 2,793 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of SPDR S&P Transportation ETF during the 4th quarter valued at about $35,000. First Growth Capital LLC purchased a new stake in shares of SPDR S&P Transportation ETF during the 4th quarter valued at about $363,000. Perryman Financial Advisory Inc. AD acquired a new position in SPDR S&P Transportation ETF during the 4th quarter worth approximately $224,000. Finally, Kestra Advisory Services LLC purchased a new position in SPDR S&P Transportation ETF in the 4th quarter worth approximately $209,000.

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.