SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 48,351 shares, a growth of 212.7% from the September 30th total of 15,461 shares. Based on an average daily trading volume, of 53,688 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.9% of the shares of the stock are sold short.
SPDR NYSE Technology ETF Stock Down 7.2%
XNTK traded down $25.44 on Friday, hitting $330.05. The company had a trading volume of 46,022 shares, compared to its average volume of 51,220. The business’s fifty day simple moving average is $366.40 and its 200 day simple moving average is $328.79. SPDR NYSE Technology ETF has a 12-month low of $242.73 and a 12-month high of $395.35. The company has a market cap of $1.76 billion, a PE ratio of 31.16 and a beta of 1.45.
Institutional Investors Weigh In On SPDR NYSE Technology ETF
Several institutional investors have recently added to or reduced their stakes in the business. Integrity Alliance LLC. purchased a new stake in SPDR NYSE Technology ETF in the third quarter valued at $243,000. North Star Investment Management Corp. purchased a new stake in shares of SPDR NYSE Technology ETF in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in SPDR NYSE Technology ETF during the 3rd quarter valued at about $59,000. Park Avenue Securities LLC acquired a new position in SPDR NYSE Technology ETF in the 3rd quarter valued at about $1,517,000. Finally, SFG Wealth Management LLC. lifted its position in shares of SPDR NYSE Technology ETF by 2.9% during the third quarter. SFG Wealth Management LLC. now owns 13,472 shares of the company’s stock worth $5,149,000 after purchasing an additional 376 shares in the last quarter.
SPDR NYSE Technology ETF Company Profile
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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