SPDR S&P Transportation ETF (NYSEARCA:XTN) Short Interest Update

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 87,667 shares, a growth of 167.2% from the April 15th total of 32,815 shares. Based on an average daily volume of 86,161 shares, the days-to-cover ratio is currently 1.0 days. Currently, 4.5% of the shares of the stock are short sold.

SPDR S&P Transportation ETF Stock Down 0.5%

NYSEARCA:XTN traded down $0.50 during trading hours on Friday, reaching $101.16. 28,617 shares of the company’s stock were exchanged, compared to its average volume of 66,867. The company has a market capitalization of $199.29 million, a P/E ratio of 16.16 and a beta of 1.36. SPDR S&P Transportation ETF has a 12 month low of $74.36 and a 12 month high of $120.89. The business’s 50-day simple moving average is $98.96 and its two-hundred day simple moving average is $95.55.

Institutional Investors Weigh In On SPDR S&P Transportation ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Element Pointe Advisors LLC acquired a new stake in shares of SPDR S&P Transportation ETF during the first quarter worth $20,827,000. Ameriprise Financial Inc. boosted its position in shares of SPDR S&P Transportation ETF by 169.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock valued at $5,762,000 after purchasing an additional 44,984 shares during the period. LPL Financial LLC boosted its position in shares of SPDR S&P Transportation ETF by 12.8% in the 4th quarter. LPL Financial LLC now owns 65,618 shares of the company’s stock valued at $5,995,000 after purchasing an additional 7,469 shares during the period. UBS Group AG increased its stake in SPDR S&P Transportation ETF by 332.6% in the 4th quarter. UBS Group AG now owns 59,024 shares of the company’s stock worth $5,393,000 after purchasing an additional 45,379 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in SPDR S&P Transportation ETF by 90.3% during the 3rd quarter. Raymond James Financial Inc. now owns 26,295 shares of the company’s stock worth $2,205,000 after buying an additional 12,475 shares during the period.

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.