Short Interest in SPDR S&P Transportation ETF (NYSEARCA:XTN) Declines By 82.9%

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 58,647 shares, a drop of 82.9% from the February 12th total of 343,678 shares. Based on an average trading volume of 53,671 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.1% of the shares of the stock are short sold. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 53,671 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in SPDR S&P Transportation ETF by 1,474.6% during the 1st 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 position in shares of SPDR S&P Transportation ETF in the first quarter worth $351,000. Flow Traders U.S. LLC purchased a new stake in shares of SPDR S&P Transportation ETF in the second quarter valued at $2,149,000. Raymond James Financial Inc. boosted its stake in shares of 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 during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of SPDR S&P Transportation ETF by 169.2% during the second quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock valued at $5,762,000 after acquiring an additional 44,984 shares during the last quarter.

SPDR S&P Transportation ETF Price Performance

XTN traded down $0.85 during midday trading on Tuesday, reaching $92.97. 15,318 shares of the company’s stock were exchanged, compared to its average volume of 65,833. 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 market capitalization of $261.25 million, a PE ratio of 16.16 and a beta of 1.41. The business’s 50-day moving average price is $99.20 and its 200 day moving average price is $90.97.

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.