SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Update

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 21,159 shares, a decline of 39.3% from the August 15th total of 34,864 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 80,608 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

Several large investors have recently modified their holdings of XTL. NewEdge Advisors LLC grew its position in SPDR S&P Telecom ETF by 413.8% in the 2nd quarter. NewEdge Advisors LLC now owns 10,163 shares of the company’s stock valued at $2,312,000 after buying an additional 8,185 shares during the last quarter. Corient Private Wealth LP purchased a new position in SPDR S&P Telecom ETF during the 2nd quarter worth $239,000. Ameritas Advisory Services LLC purchased a new position in SPDR S&P Telecom ETF during the 2nd quarter worth $218,000. Compass Financial Management LLC acquired a new stake in shares of SPDR S&P Telecom ETF in the 2nd quarter worth $1,121,000. Finally, Integrity Financial Corp WA acquired a new stake in shares of SPDR S&P Telecom ETF in the 2nd quarter worth $100,000.

SPDR S&P Telecom ETF Stock Up 0.8%

XTL traded up $1.63 on Wednesday, hitting $207.83. 9,291 shares of the company traded hands, compared to its average volume of 75,203. SPDR S&P Telecom ETF has a 12-month low of $131.25 and a 12-month high of $247.62. The company has a 50 day moving average of $212.12 and a 200-day moving average of $212.71. The stock has a market capitalization of $432.29 million, a PE ratio of 17.49 and a beta of 1.16.

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.