SPDR S&P Software & Services ETF (NYSEARCA:XSW – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 124,784 shares, a growth of 66.1% from the July 15th total of 75,136 shares. Based on an average daily volume of 47,165 shares, the days-to-cover ratio is currently 2.6 days. Currently, 5.1% of the shares of the company are short sold.
Hedge Funds Weigh In On SPDR S&P Software & Services ETF
Several large investors have recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in shares of SPDR S&P Software & Services ETF during the 3rd quarter valued at $34,000. Fifth Third Bancorp bought a new position in SPDR S&P Software & Services ETF in the 1st quarter worth $53,000. Advisory Services Network LLC purchased a new stake in SPDR S&P Software & Services ETF in the 3rd quarter worth $141,000. Summit Financial LLC purchased a new stake in SPDR S&P Software & Services ETF in the 4th quarter worth $200,000. Finally, Pincus Capital Management LP bought a new stake in SPDR S&P Software & Services ETF during the fourth quarter valued at about $215,000.
SPDR S&P Software & Services ETF Stock Down 2.3%
NYSEARCA:XSW traded down $4.57 on Monday, hitting $195.78. The stock had a trading volume of 28,991 shares, compared to its average volume of 79,497. The business’s 50-day simple moving average is $177.26 and its two-hundred day simple moving average is $162.69. The stock has a market cap of $483.58 million, a price-to-earnings ratio of 30.29 and a beta of 1.16. SPDR S&P Software & Services ETF has a 52-week low of $135.19 and a 52-week high of $205.76.
About SPDR S&P Software & Services ETF
The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.
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