SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Down 32.0% in March

SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 3,738 shares, a drop of 32.0% from the February 26th total of 5,497 shares. Based on an average daily trading volume, of 39,609 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

SPDR NYSE Technology ETF Trading Down 2.1%

NYSEARCA:XNTK traded down $5.23 during trading hours on Friday, reaching $248.99. 45,697 shares of the company traded hands, compared to its average volume of 34,403. The business’s 50-day moving average price is $270.94 and its two-hundred day moving average price is $275.22. The stock has a market capitalization of $1.42 billion, a P/E ratio of 31.16 and a beta of 1.31. SPDR NYSE Technology ETF has a 1 year low of $159.43 and a 1 year high of $295.79.

Hedge Funds Weigh In On SPDR NYSE Technology ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. purchased a new position in shares of SPDR NYSE Technology ETF in the 4th quarter worth about $25,000. Allspring Global Investments Holdings LLC purchased a new stake in SPDR NYSE Technology ETF during the 4th quarter valued at about $28,000. Qube Research & Technologies Ltd grew its position in SPDR NYSE Technology ETF by 351.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock valued at $35,000 after purchasing an additional 116 shares during the last quarter. Farther Finance Advisors LLC increased its stake in SPDR NYSE Technology ETF by 101.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 161 shares of the company’s stock valued at $44,000 after purchasing an additional 81 shares in the last quarter. Finally, Realta Investment Advisors increased its stake in SPDR NYSE Technology ETF by 41.7% during the 4th quarter. Realta Investment Advisors now owns 170 shares of the company’s stock valued at $47,000 after purchasing an additional 50 shares in the last quarter.

SPDR NYSE Technology ETF Company Profile

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.