Short Interest in SPDR S&P Software & Services ETF (NYSEARCA:XSW) Grows By 66.1%

SPDR S&P Software & Services ETF (NYSEARCA:XSW) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 124,784 shares, an increase of 66.1% from the July 15th total of 75,136 shares. Approximately 5.1% of the company’s shares are short sold. Based on an average trading volume of 47,165 shares, the short-interest ratio is currently 2.6 days.

SPDR S&P Software & Services ETF Stock Performance

Shares of NYSEARCA XSW traded down $4.57 during midday trading on Monday, hitting $195.78. 28,991 shares of the company traded hands, compared to its average volume of 79,497. SPDR S&P Software & Services ETF has a 12-month low of $135.19 and a 12-month high of $205.76. The firm has a market cap of $483.58 million, a P/E ratio of 30.29 and a beta of 1.16. The stock has a 50-day moving average price of $177.26 and a 200 day moving average price of $162.69.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XSW. Bank of America Corp DE grew its holdings in shares of SPDR S&P Software & Services ETF by 1.6% during the third quarter. Bank of America Corp DE now owns 392,478 shares of the company’s stock valued at $77,616,000 after buying an additional 6,093 shares during the last quarter. LPL Financial LLC raised its holdings in SPDR S&P Software & Services ETF by 18.4% in the 4th quarter. LPL Financial LLC now owns 118,013 shares of the company’s stock worth $22,085,000 after acquiring an additional 18,349 shares during the last quarter. Wells Fargo & Company MN raised its holdings in SPDR S&P Software & Services ETF by 11.1% in the 4th quarter. Wells Fargo & Company MN now owns 53,660 shares of the company’s stock worth $10,042,000 after acquiring an additional 5,363 shares during the last quarter. Raymond James Financial Inc. lifted its position in SPDR S&P Software & Services ETF by 1.2% in the 3rd quarter. Raymond James Financial Inc. now owns 33,212 shares of the company’s stock valued at $6,568,000 after acquiring an additional 379 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in SPDR S&P Software & Services ETF in the 3rd quarter valued at approximately $5,735,000.

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.