SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sees Large Drop in Short Interest

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XARGet Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 156,707 shares, a decline of 37.3% from the June 15th total of 249,867 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 206,586 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On SPDR S&P Aerospace & Defense ETF

Several hedge funds and other institutional investors have recently modified their holdings of XAR. Turtle Creek Wealth Advisors LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the first quarter valued at approximately $28,000. Glenmede Trust Co. NA acquired a new stake in SPDR S&P Aerospace & Defense ETF during the first quarter worth $30,000. Strive Financial Group LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the fourth quarter worth $30,000. Darwin Wealth Management LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the second quarter worth $43,000. Finally, Key Financial Inc bought a new stake in SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at $50,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR traded up $2.52 during trading hours on Friday, hitting $261.58. 87,060 shares of the company were exchanged, compared to its average volume of 271,162. The company has a market cap of $5.96 billion, a PE ratio of 35.83 and a beta of 1.00. The firm’s 50 day moving average is $275.08 and its 200-day moving average is $271.92. SPDR S&P Aerospace & Defense ETF has a 52 week low of $208.77 and a 52 week high of $295.39.

SPDR S&P Aerospace & Defense ETF Company Profile

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The SPDR S&P Aerospace & Defense ETF (XAR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of US aerospace & defense companies. XAR was launched on Sep 28, 2011 and is managed by State Street.

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