SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Get Free Report) was the target of a large decline in short interest in 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 shares of the stock are sold short. Based on an average daily trading volume, of 206,586 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Investors Weigh In On SPDR S&P Aerospace & Defense ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at about $28,000. Glenmede Trust Co. NA bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the first quarter worth approximately $30,000. Strive Financial Group LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth approximately $30,000. Darwin Wealth Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at approximately $43,000. Finally, Key Financial Inc acquired a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at approximately $50,000.
SPDR S&P Aerospace & Defense ETF Stock Performance
SPDR S&P Aerospace & Defense ETF stock traded up $2.52 during trading hours on Friday, hitting $261.58. 87,060 shares of the stock were exchanged, compared to its average volume of 271,162. The stock has a market capitalization of $5.96 billion, a P/E ratio of 35.83 and a beta of 1.00. The business’s 50-day moving average is $275.08 and its two-hundred day moving average is $271.92. SPDR S&P Aerospace & Defense ETF has a 12 month low of $208.77 and a 12 month high of $295.39.
About SPDR S&P Aerospace & Defense ETF
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.
See Also
- Five stocks we like better than SPDR S&P Aerospace & Defense ETF
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
- Sandisk: What the Chart Is Trying to Tell Us
Receive News & Ratings for SPDR S&P Aerospace & Defense ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Aerospace & Defense ETF and related companies with MarketBeat.com's FREE daily email newsletter.
