SPDR S&P Telecom ETF (NYSEARCA:XTL – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 9,721 shares, a drop of 52.5% from the September 30th total of 20,446 shares. Based on an average daily volume of 50,767 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the company’s shares are short sold.
SPDR S&P Telecom ETF Stock Performance
XTL stock traded down $6.50 during trading on Friday, reaching $189.39. 21,494 shares of the company traded hands, compared to its average volume of 69,598. The business has a 50 day simple moving average of $203.23 and a 200 day simple moving average of $203.99. The company has a market capitalization of $467.79 million, a price-to-earnings ratio of 17.49 and a beta of 1.17. SPDR S&P Telecom ETF has a 12 month low of $131.25 and a 12 month high of $247.62.
Institutional Trading of SPDR S&P Telecom ETF
A number of institutional investors have recently made changes to their positions in the company. Kingswood Wealth Advisors LLC boosted its holdings in SPDR S&P Telecom ETF by 32.2% in the third quarter. Kingswood Wealth Advisors LLC now owns 1,715 shares of the company’s stock valued at $348,000 after purchasing an additional 418 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of SPDR S&P Telecom ETF during the third quarter worth about $1,518,000. Brookstone Capital Management purchased a new stake in SPDR S&P Telecom ETF in the third quarter valued at approximately $1,066,000. Parkway Wealth Management Group LLC boosted its stake in SPDR S&P Telecom ETF by 1.5% during the 3rd quarter. Parkway Wealth Management Group LLC now owns 129,331 shares of the company’s stock worth $26,253,000 after purchasing an additional 1,888 shares during the period. Finally, MinichMacGregor Wealth Management LLC boosted its stake in shares of SPDR S&P Telecom ETF by 3.2% during the third quarter. MinichMacGregor Wealth Management LLC now owns 80,468 shares of the company’s stock worth $16,334,000 after buying an additional 2,472 shares during the period.
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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