SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 52,017 shares, an increase of 76.6% from the March 15th total of 29,457 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 121,841 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On SPDR S&P Telecom ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Worthington Financial Partners LLC bought a new position in shares of SPDR S&P Telecom ETF during the 4th quarter valued at approximately $696,000. Blue Capital Inc. grew its stake in shares of SPDR S&P Telecom ETF by 12.3% during the fourth quarter. Blue Capital Inc. now owns 12,958 shares of the company’s stock worth $1,985,000 after acquiring an additional 1,421 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of SPDR S&P Telecom ETF during the fourth quarter worth about $212,000. Cetera Investment Advisers lifted its holdings in SPDR S&P Telecom ETF by 0.3% in the fourth quarter. Cetera Investment Advisers now owns 37,694 shares of the company’s stock valued at $5,775,000 after acquiring an additional 115 shares during the period. Finally, MML Investors Services LLC increased its position in shares of SPDR S&P Telecom ETF by 10.4% in the fourth quarter. MML Investors Services LLC now owns 2,551 shares of the company’s stock valued at $391,000 after buying an additional 241 shares in the last quarter.
SPDR S&P Telecom ETF Price Performance
Shares of XTL traded up $0.54 during trading hours on Tuesday, hitting $209.56. The company’s stock had a trading volume of 140,750 shares, compared to its average volume of 54,927. The business has a 50 day simple moving average of $185.96 and a two-hundred day simple moving average of $163.53. SPDR S&P Telecom ETF has a 52-week low of $87.91 and a 52-week high of $211.84. The company has a market cap of $570.00 million, a price-to-earnings ratio of 17.49 and a beta of 1.06.
About SPDR S&P Telecom ETF
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.
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