SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Sees Significant Drop in Short Interest

SPDR S&P Semiconductor ETF (NYSEARCA:XSDGet Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 93,431 shares, a drop of 50.8% from the May 31st total of 189,821 shares. Based on an average daily volume of 169,089 shares, the short-interest ratio is currently 0.6 days. Approximately 1.8% of the company’s shares are short sold.

SPDR S&P Semiconductor ETF Stock Performance

Shares of NYSEARCA XSD traded up $14.67 during mid-day trading on Tuesday, hitting $607.31. The stock had a trading volume of 29,016 shares, compared to its average volume of 82,167. The business has a 50 day moving average price of $561.78 and a two-hundred day moving average price of $421.11. SPDR S&P Semiconductor ETF has a 1 year low of $251.32 and a 1 year high of $658.14. The firm has a market cap of $3.08 billion, a P/E ratio of 33.47 and a beta of 2.00.

Hedge Funds Weigh In On SPDR S&P Semiconductor ETF

A number of hedge funds have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of SPDR S&P Semiconductor ETF in the first quarter worth about $26,000. CIBC Private Wealth Group LLC purchased a new stake in SPDR S&P Semiconductor ETF in the 3rd quarter worth approximately $32,000. Valley National Advisers Inc. bought a new stake in shares of SPDR S&P Semiconductor ETF in the 4th quarter worth approximately $33,000. Glenmede Trust Co. NA bought a new stake in shares of SPDR S&P Semiconductor ETF in the 1st quarter worth approximately $33,000. Finally, Strategic Advocates LLC increased its stake in shares of SPDR S&P Semiconductor ETF by 71.0% during the fourth quarter. Strategic Advocates LLC now owns 106 shares of the company’s stock valued at $34,000 after buying an additional 44 shares during the period.

About SPDR S&P Semiconductor ETF

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SPDR S&P Semiconductor ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Semiconductor Select Industry Index. The S&P Semiconductor Select Industry Index represents the Semiconductor sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.

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