Short Interest in SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Declines By 39.3%

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 103,933 shares, a drop of 39.3% from the July 15th total of 171,250 shares. Based on an average trading volume of 80,874 shares, the short-interest ratio is currently 1.3 days. Approximately 1.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SMI Advisory Services LLC acquired a new position in shares of SPDR S&P Semiconductor ETF during the 2nd quarter worth about $20,604,000. Align Financial LLC acquired a new position in SPDR S&P Semiconductor ETF in the fourth quarter valued at $9,308,000. BNP Paribas Financial Markets grew its holdings in shares of SPDR S&P Semiconductor ETF by 47.8% during the second quarter. BNP Paribas Financial Markets now owns 75,597 shares of the company’s stock worth $19,391,000 after purchasing an additional 24,465 shares during the last quarter. Kingsview Wealth Management LLC increased its position in SPDR S&P Semiconductor ETF by 334.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 24,717 shares of the company’s stock worth $7,949,000 after buying an additional 19,033 shares during the period. Finally, LPL Financial LLC lifted its stake in SPDR S&P Semiconductor ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 243,655 shares of the company’s stock valued at $78,359,000 after buying an additional 11,229 shares during the last quarter.

SPDR S&P Semiconductor ETF Stock Performance

Shares of NYSEARCA XSD traded down $34.82 during trading on Tuesday, reaching $514.52. The stock had a trading volume of 52,625 shares, compared to its average volume of 86,013. The company has a market cap of $2.87 billion, a P/E ratio of 33.47 and a beta of 2.01. SPDR S&P Semiconductor ETF has a fifty-two week low of $267.00 and a fifty-two week high of $658.14. The business’s 50-day moving average price is $551.29 and its 200-day moving average price is $467.96.

About SPDR S&P Semiconductor ETF

SPDR S&P Semiconductor ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Semiconductor Select Industry Index. The S&P Semiconductor Select Industry Index represents the Semiconductor sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.