SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Up 839.2% in February

SPDR S&P Transportation ETF (NYSEARCA:XTN) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 343,678 shares, a growth of 839.2% from the January 29th total of 36,592 shares. Approximately 12.2% of the company’s stock are short sold. Based on an average daily volume of 58,826 shares, the short-interest ratio is currently 5.8 days. Based on an average daily volume of 58,826 shares, the short-interest ratio is currently 5.8 days. Approximately 12.2% of the company’s stock are short sold.

Hedge Funds Weigh In On SPDR S&P Transportation ETF

Large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in shares of SPDR S&P Transportation ETF by 1,474.6% during the first quarter. Jones Financial Companies Lllp now owns 6,503 shares of the company’s stock valued at $480,000 after buying an additional 6,090 shares during the last quarter. Jane Street Group LLC acquired a new stake in SPDR S&P Transportation ETF in the 1st quarter valued at $351,000. Flow Traders U.S. LLC bought a new stake in shares of SPDR S&P Transportation ETF during the second quarter worth approximately $2,149,000. Raymond James Financial Inc. lifted its position in shares of SPDR S&P Transportation ETF by 63.5% during the 2nd 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 during the period. Finally, Ameriprise Financial Inc. grew its position in SPDR S&P Transportation ETF by 169.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock worth $5,762,000 after acquiring an additional 44,984 shares during the last quarter.

SPDR S&P Transportation ETF Stock Performance

Shares of XTN stock traded up $1.83 during trading hours on Thursday, hitting $102.25. 28,098 shares of the company were exchanged, compared to its average volume of 67,125. The stock has a market capitalization of $287.33 million, a price-to-earnings ratio of 16.16 and a beta of 1.41. SPDR S&P Transportation ETF has a one year low of $61.95 and a one year high of $106.66. The business’s 50-day simple moving average is $98.19 and its two-hundred day simple moving average is $90.03.

About SPDR S&P Transportation ETF

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.