SPDR S&P Telecom ETF (NYSEARCA:XTL) Sees Large Growth in Short Interest

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 34,864 shares, an increase of 101.9% from the July 30th total of 17,264 shares. Based on an average daily volume of 51,994 shares, the short-interest ratio is presently 0.7 days. Currently, 1.3% of the company’s shares are short sold.

Institutional Trading of SPDR S&P Telecom ETF

Institutional investors have recently made changes to their positions in the company. Integrity Financial Corp WA acquired a new position in SPDR S&P Telecom ETF in the second quarter valued at approximately $100,000. Kestra Advisory Services LLC purchased a new stake in SPDR S&P Telecom ETF in the fourth quarter valued at $80,000. International Assets Investment Management LLC acquired a new position in shares of SPDR S&P Telecom ETF in the 4th quarter valued at $131,000. Ameritas Advisory Services LLC acquired a new position in shares of SPDR S&P Telecom ETF in the 2nd quarter valued at $218,000. Finally, Harbour Investments Inc. purchased a new position in shares of SPDR S&P Telecom ETF during the 4th quarter worth $150,000.

SPDR S&P Telecom ETF Price Performance

Shares of XTL stock opened at $209.82 on Friday. The company has a market capitalization of $570.71 million, a PE ratio of 17.49 and a beta of 1.16. The firm’s 50-day moving average is $214.78 and its two-hundred day moving average is $209.83. SPDR S&P Telecom ETF has a 12 month low of $130.63 and a 12 month high of $247.62.

SPDR S&P Telecom ETF Company Profile

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.