SPDR S&P Software & Services ETF (NYSEARCA:XSW) Short Interest Update

SPDR S&P Software & Services ETF (NYSEARCA:XSW) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 155,189 shares, a growth of 20.1% from the January 15th total of 129,234 shares. Based on an average daily trading volume, of 82,060 shares, the short-interest ratio is presently 1.9 days. Approximately 8.1% of the shares of the stock are short sold. Approximately 8.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 82,060 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of SPDR S&P Software & Services ETF

Hedge funds have recently made changes to their positions in the stock. Grant Private Wealth Management Inc bought a new stake in shares of SPDR S&P Software & Services ETF in the 3rd quarter worth approximately $728,000. Janney Montgomery Scott LLC purchased a new position in SPDR S&P Software & Services ETF in the 2nd quarter worth $254,000. Envestnet Asset Management Inc. lifted its stake in SPDR S&P Software & Services ETF by 10.2% in the second quarter. Envestnet Asset Management Inc. now owns 6,625 shares of the company’s stock worth $1,258,000 after purchasing an additional 612 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in SPDR S&P Software & Services ETF during the second quarter valued at about $672,000. Finally, Tandem Financial LLC boosted its position in SPDR S&P Software & Services ETF by 238.0% during the second quarter. Tandem Financial LLC now owns 17,862 shares of the company’s stock valued at $3,391,000 after buying an additional 12,578 shares during the period.

SPDR S&P Software & Services ETF Trading Up 1.9%

XSW stock opened at $151.49 on Tuesday. SPDR S&P Software & Services ETF has a 1-year low of $137.55 and a 1-year high of $205.76. The stock has a market cap of $290.86 million, a price-to-earnings ratio of 30.29 and a beta of 1.19. The company’s 50 day moving average is $179.33 and its 200 day moving average is $187.28.

About SPDR S&P Software & Services ETF

The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.