SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Down 42.5% in August

SPDR NYSE Technology ETF (NYSEARCA:XNTK) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 5,225 shares, a decline of 42.5% from the August 15th total of 9,088 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 108,694 shares, the days-to-cover ratio is currently 0.0 days.

SPDR NYSE Technology ETF Stock Performance

SPDR NYSE Technology ETF stock traded up $0.50 during trading on Wednesday, reaching $354.91. 36,152 shares of the company’s stock were exchanged, compared to its average volume of 49,934. The company’s 50-day moving average is $354.68 and its two-hundred day moving average is $331.05. SPDR NYSE Technology ETF has a 52-week low of $242.73 and a 52-week high of $392.44. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 31.16 and a beta of 1.45.

Institutional Investors Weigh In On SPDR NYSE Technology ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Integrity Financial Corp WA acquired a new stake in shares of SPDR NYSE Technology ETF in the second quarter valued at about $45,000. Ashton Thomas Securities LLC acquired a new position in SPDR NYSE Technology ETF during the 1st quarter worth approximately $41,000. Beacon Investment Advisory Services Inc. boosted its holdings in SPDR NYSE Technology ETF by 55.3% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 191 shares of the company’s stock worth $75,000 after acquiring an additional 68 shares during the period. Fifth Third Bancorp purchased a new position in SPDR NYSE Technology ETF in the 1st quarter worth approximately $58,000. Finally, REAP Financial Group LLC acquired a new stake in SPDR NYSE Technology ETF in the fourth quarter valued at approximately $70,000.

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.