SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Up 156.6% in December

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 29,655 shares, an increase of 156.6% from the November 30th total of 11,555 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 42,751 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 42,751 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. SoundView Advisors Inc. bought a new position in shares of SPDR NYSE Technology ETF in the third quarter worth about $357,706,000. Jones Financial Companies Lllp increased its position in SPDR NYSE Technology ETF by 6,318.9% during the 1st quarter. Jones Financial Companies Lllp now owns 60,915 shares of the company’s stock worth $11,684,000 after purchasing an additional 59,966 shares in the last quarter. New Harbor Financial Group LLC lifted its stake in SPDR NYSE Technology ETF by 72.7% in the 2nd quarter. New Harbor Financial Group LLC now owns 99,932 shares of the company’s stock valued at $23,712,000 after purchasing an additional 42,078 shares during the last quarter. Auto Owners Insurance Co lifted its stake in SPDR NYSE Technology ETF by 2.7% in the 2nd quarter. Auto Owners Insurance Co now owns 1,520,500 shares of the company’s stock valued at $360,784,000 after purchasing an additional 39,400 shares during the last quarter. Finally, Prostatis Group LLC acquired a new stake in SPDR NYSE Technology ETF in the third quarter valued at approximately $10,203,000.

SPDR NYSE Technology ETF Stock Performance

Shares of SPDR NYSE Technology ETF stock traded up $0.01 during trading on Friday, reaching $282.57. 9,840 shares of the company’s stock were exchanged, compared to its average volume of 32,751. SPDR NYSE Technology ETF has a 1-year low of $159.43 and a 1-year high of $295.79. The company has a market cap of $1.48 billion, a P/E ratio of 31.16 and a beta of 1.31. The firm’s 50-day moving average price is $279.60 and its 200 day moving average price is $258.86.

About SPDR NYSE Technology ETF

SPDR Morgan Stanley Technology ETF (the Fund) seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors.