SPDR S&P Software & Services ETF (NYSEARCA:XSW) Short Interest Up 21.0% in April

SPDR S&P Software & Services ETF (NYSEARCA:XSW) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 220,619 shares, a growth of 21.0% from the March 31st total of 182,321 shares. Currently, 7.9% of the shares of the company are sold short. Based on an average trading volume of 103,274 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of SPDR S&P Software & Services ETF

Several large investors have recently made changes to their positions in XSW. Financial Life Planners purchased a new stake in shares of SPDR S&P Software & Services ETF in the 3rd quarter valued at $25,000. Triumph Capital Management purchased a new stake in shares of SPDR S&P Software & Services ETF in the 3rd quarter valued at $34,000. Advisory Services Network LLC acquired a new stake in SPDR S&P Software & Services ETF during the 3rd quarter worth about $141,000. Summit Financial LLC acquired a new stake in SPDR S&P Software & Services ETF during the 4th quarter worth about $200,000. Finally, Pincus Capital Management LP acquired a new stake in SPDR S&P Software & Services ETF during the 4th quarter worth about $215,000.

SPDR S&P Software & Services ETF Stock Up 3.7%

Shares of SPDR S&P Software & Services ETF stock traded up $5.56 on Friday, reaching $156.84. 80,565 shares of the stock were exchanged, compared to its average volume of 96,904. SPDR S&P Software & Services ETF has a twelve month low of $135.19 and a twelve month high of $205.76. The firm has a market capitalization of $377.98 million, a price-to-earnings ratio of 30.29 and a beta of 1.13. The business has a 50 day moving average price of $148.62 and a two-hundred day moving average price of $171.49.

About SPDR S&P Software & Services ETF

The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.