SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 15,461 shares, an increase of 141.5% from the September 15th total of 6,403 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 41,657 shares, the short-interest ratio is currently 0.4 days.
SPDR NYSE Technology ETF Stock Down 3.5%
NYSEARCA XNTK traded down $13.05 on Wednesday, reaching $364.90. The stock had a trading volume of 32,959 shares, compared to its average volume of 49,675. SPDR NYSE Technology ETF has a 12-month low of $242.73 and a 12-month high of $395.35. The stock has a fifty day moving average price of $367.75 and a two-hundred day moving average price of $347.05. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 31.16 and a beta of 1.45.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Global Assets Advisory LLC acquired a new position in SPDR NYSE Technology ETF during the first quarter worth approximately $67,526,000. Melone Private Wealth LLC acquired a new position in SPDR NYSE Technology ETF in the second quarter valued at $66,253,000. NorthRock Partners LLC purchased a new stake in SPDR NYSE Technology ETF during the 2nd quarter valued at approximately $64,063,000. Envestnet Asset Management Inc. lifted its position in SPDR NYSE Technology ETF by 231.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 164,791 shares of the company’s stock worth $64,376,000 after acquiring an additional 115,103 shares during the period. Finally, State Street Corp purchased a new stake in shares of SPDR NYSE Technology ETF during the second quarter worth approximately $41,031,000.
About SPDR NYSE Technology ETF
SPDR Morgan Stanley Technology ETF (the Fund) seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Morgan Stanley Technology Index is composed purely of electronics-based technology companies. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors.
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