SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Sees Large Increase in Short Interest

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 157,784 shares, an increase of 51.8% from the July 30th total of 103,933 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average daily trading volume, of 96,095 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of XSD. Turtle Creek Wealth Advisors LLC acquired a new position in shares of SPDR S&P Semiconductor ETF during the 1st quarter worth $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of SPDR S&P Semiconductor ETF in the third quarter worth $32,000. Glenmede Trust Co. NA acquired a new stake in shares of SPDR S&P Semiconductor ETF in the first quarter worth $33,000. Strategic Advocates LLC increased its position in SPDR S&P Semiconductor ETF by 71.0% during the fourth quarter. Strategic Advocates LLC now owns 106 shares of the company’s stock worth $34,000 after acquiring an additional 44 shares during the period. Finally, Sunbelt Securities Inc. increased its position in SPDR S&P Semiconductor ETF by 120.0% during the third quarter. Sunbelt Securities Inc. now owns 110 shares of the company’s stock worth $35,000 after acquiring an additional 60 shares during the period.

SPDR S&P Semiconductor ETF Stock Performance

SPDR S&P Semiconductor ETF stock traded up $3.59 during midday trading on Wednesday, reaching $476.52. The stock had a trading volume of 30,967 shares, compared to its average volume of 85,803. The stock’s 50-day simple moving average is $526.01 and its 200 day simple moving average is $478.59. The stock has a market capitalization of $2.65 billion, a PE ratio of 33.47 and a beta of 2.01. SPDR S&P Semiconductor ETF has a twelve month low of $278.78 and a twelve month high of $658.14.

About SPDR S&P Semiconductor ETF

SPDR S&P Semiconductor ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Semiconductor Select Industry Index. The S&P Semiconductor Select Industry Index represents the Semiconductor sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.