Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Drops By 60.6%

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 13,637 shares, a decrease of 60.6% from the January 15th total of 34,617 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 13,781 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 13,781 shares, the short-interest ratio is currently 1.0 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

A number of large investors have recently modified their holdings of XTL. Goldman Sachs Group Inc. raised its position in shares of SPDR S&P Telecom ETF by 5.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock valued at $5,774,000 after purchasing an additional 2,771 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new stake in SPDR S&P Telecom ETF during the 2nd quarter valued at about $603,000. Envestnet Asset Management Inc. acquired a new position in shares of SPDR S&P Telecom ETF in the second quarter valued at about $200,000. Cetera Investment Advisers lifted its stake in SPDR S&P Telecom ETF by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 36,984 shares of the company’s stock valued at $4,339,000 after acquiring an additional 1,098 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of SPDR S&P Telecom ETF by 4.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 11,970 shares of the company’s stock valued at $1,404,000 after acquiring an additional 466 shares during the last quarter.

SPDR S&P Telecom ETF Stock Down 1.3%

Shares of SPDR S&P Telecom ETF stock traded down $2.22 during trading on Thursday, reaching $172.11. The company’s stock had a trading volume of 9,622 shares, compared to its average volume of 20,577. SPDR S&P Telecom ETF has a 1-year low of $84.68 and a 1-year high of $176.93. The company has a 50-day simple moving average of $159.43 and a two-hundred day simple moving average of $146.27. The company has a market cap of $258.17 million, a price-to-earnings ratio of 17.49 and a beta of 1.11.

About SPDR S&P Telecom ETF

The SPDR S&P Telecom ETF (XTL) is an exchange-traded fund that is based on the S&P Telecom Select Industry index. The fund tracks an equal-weighted index of US telecom companies selected by the S&P Committee. XTL was launched on Jan 26, 2011 and is managed by State Street.