Short Interest in SPDR S&P Telecom ETF (NYSEARCA:XTL) Declines By 63.2%

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 39,101 shares, a decline of 63.2% from the April 15th total of 106,258 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 126,046 shares, the days-to-cover ratio is currently 0.3 days.

SPDR S&P Telecom ETF Stock Performance

Shares of NYSEARCA:XTL traded down $5.85 during midday trading on Friday, reaching $225.91. 149,376 shares of the company’s stock were exchanged, compared to its average volume of 68,824. The company’s 50 day simple moving average is $205.20 and its two-hundred day simple moving average is $174.76. The firm has a market capitalization of $783.91 million, a PE ratio of 17.49 and a beta of 1.14. SPDR S&P Telecom ETF has a 12 month low of $101.24 and a 12 month high of $232.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacific Sun Financial Corp grew its stake in shares of SPDR S&P Telecom ETF by 1.8% in the 1st quarter. Pacific Sun Financial Corp now owns 2,790 shares of the company’s stock valued at $525,000 after purchasing an additional 50 shares during the period. Cetera Investment Advisers raised its holdings in shares of SPDR S&P Telecom ETF by 0.3% in the 4th quarter. Cetera Investment Advisers now owns 37,694 shares of the company’s stock worth $5,775,000 after buying an additional 115 shares in the last quarter. Kaizen Financial Strategies raised its holdings in shares of SPDR S&P Telecom ETF by 2.0% in the 3rd quarter. Kaizen Financial Strategies now owns 6,245 shares of the company’s stock worth $910,000 after buying an additional 125 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of SPDR S&P Telecom ETF by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 25,139 shares of the company’s stock worth $3,852,000 after buying an additional 137 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of SPDR S&P Telecom ETF by 119.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock worth $59,000 after buying an additional 230 shares in the last quarter.

About SPDR S&P Telecom ETF

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.