SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 21,159 shares, a drop of 39.3% from the August 15th total of 34,864 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 80,608 shares, the short-interest ratio is presently 0.3 days.
Institutional Trading of SPDR S&P Telecom ETF
Several institutional investors have recently bought and sold shares of XTL. MinichMacGregor Wealth Management LLC acquired a new position in shares of SPDR S&P Telecom ETF during the first quarter worth about $11,786,000. UBS Group AG boosted its position in shares of SPDR S&P Telecom ETF by 184.7% in the 4th quarter. UBS Group AG now owns 52,178 shares of the company’s stock valued at $7,995,000 after purchasing an additional 33,851 shares during the period. Hsbc Holdings PLC acquired a new position in SPDR S&P Telecom ETF during the first quarter worth approximately $4,628,000. Geneos Wealth Management Inc. purchased a new stake in SPDR S&P Telecom ETF in the first quarter valued at approximately $2,066,000. Finally, NewEdge Advisors LLC grew its position in shares of SPDR S&P Telecom ETF by 413.8% during the second quarter. NewEdge Advisors LLC now owns 10,163 shares of the company’s stock worth $2,312,000 after acquiring an additional 8,185 shares during the last quarter.
SPDR S&P Telecom ETF Price Performance
Shares of XTL traded up $1.60 during mid-day trading on Thursday, reaching $206.96. 15,265 shares of the company’s stock traded hands, compared to its average volume of 74,916. SPDR S&P Telecom ETF has a 12 month low of $131.25 and a 12 month high of $247.62. The stock has a market cap of $430.47 million, a P/E ratio of 17.49 and a beta of 1.16. The stock’s 50-day moving average is $211.91 and its two-hundred day moving average is $212.90.
SPDR S&P Telecom ETF Company Profile
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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