SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 39,101 shares, a drop of 63.2% from the April 15th total of 106,258 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 126,046 shares, the short-interest ratio is presently 0.3 days.
Institutional Investors Weigh In On SPDR S&P Telecom ETF
Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in SPDR S&P Telecom ETF by 119.2% during the third quarter. Jones Financial Companies Lllp now owns 423 shares of the company’s stock valued at $59,000 after buying an additional 230 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth approximately $80,000. International Assets Investment Management LLC acquired a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth approximately $131,000. Harbour Investments Inc. acquired a new position in shares of SPDR S&P Telecom ETF in the 4th quarter worth approximately $150,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of SPDR S&P Telecom ETF in the 2nd quarter worth approximately $200,000.
SPDR S&P Telecom ETF Stock Performance
Shares of XTL stock traded down $5.85 during midday trading on Friday, reaching $225.91. 149,376 shares of the company were exchanged, compared to its average volume of 68,824. The company has a market cap of $783.91 million, a P/E ratio of 17.49 and a beta of 1.14. SPDR S&P Telecom ETF has a 12 month low of $101.24 and a 12 month high of $232.59. The company’s 50 day moving average price is $205.20 and its two-hundred day moving average price is $174.76.
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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