SPDR S&P Transportation ETF (NYSEARCA:XTN) Sees Significant Decline in Short Interest

SPDR S&P Transportation ETF (NYSEARCA:XTN) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 18,493 shares, a decline of 68.5% from the February 26th total of 58,647 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 53,849 shares, the short-interest ratio is presently 0.3 days.

SPDR S&P Transportation ETF Stock Performance

Shares of NYSEARCA:XTN traded down $1.92 during trading on Friday, reaching $90.53. 31,027 shares of the stock were exchanged, compared to its average volume of 57,209. The firm’s 50-day moving average price is $97.67 and its 200 day moving average price is $91.28. The firm has a market cap of $254.39 million, a price-to-earnings ratio of 16.16 and a beta of 1.41. SPDR S&P Transportation ETF has a 12-month low of $61.95 and a 12-month high of $106.66.

Institutional Investors Weigh In On SPDR S&P Transportation ETF

Several large investors have recently made changes to their positions in XTN. SHP Wealth Management acquired a new position in SPDR S&P Transportation ETF in the 4th quarter worth $35,000. Steward Partners Investment Advisory LLC grew its stake in shares of SPDR S&P Transportation ETF by 98.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 517 shares of the company’s stock valued at $47,000 after acquiring an additional 257 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of SPDR S&P Transportation ETF by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock worth $53,000 after acquiring an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR S&P Transportation ETF by 48.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 691 shares of the company’s stock worth $63,000 after acquiring an additional 226 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of SPDR S&P Transportation ETF in the fourth quarter worth about $209,000.

SPDR S&P Transportation ETF Company Profile

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.