Short Interest in SPDR NYSE Technology ETF (NYSEARCA:XNTK) Increases By 116.3%

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 5,497 shares, an increase of 116.3% from the February 12th total of 2,541 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,737 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 28,737 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

SPDR NYSE Technology ETF Price Performance

SPDR NYSE Technology ETF stock opened at $271.47 on Thursday. The firm has a market cap of $1.54 billion, a PE ratio of 31.16 and a beta of 1.31. The stock’s fifty day moving average price is $276.03 and its two-hundred day moving average price is $273.78. SPDR NYSE Technology ETF has a one year low of $159.43 and a one year high of $295.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFC & Insurance Marketing Inc. bought a new stake in SPDR NYSE Technology ETF during the fourth quarter worth about $25,000. Allspring Global Investments Holdings LLC bought a new position in SPDR NYSE Technology ETF in the 4th quarter valued at about $28,000. Financial Gravity Companies Inc. acquired a new position in shares of SPDR NYSE Technology ETF in the 2nd quarter valued at approximately $35,000. Qube Research & Technologies Ltd raised its position in shares of SPDR NYSE Technology ETF by 351.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock valued at $35,000 after buying an additional 116 shares in the last quarter. Finally, Allworth Financial LP bought a new stake in shares of SPDR NYSE Technology ETF during the 2nd quarter worth approximately $37,000.

About SPDR NYSE Technology ETF

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.