SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Up 59.9% in December

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 16,436 shares, a growth of 59.9% from the December 15th total of 10,276 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 19,368 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 19,368 shares, the short-interest ratio is currently 0.8 days. Approximately 1.2% of the company’s shares are sold short.

Institutional Investors Weigh In On SPDR S&P Telecom ETF

A number of institutional investors have recently made changes to their positions in XTL. Goldman Sachs Group Inc. increased its stake in shares of SPDR S&P Telecom ETF by 5.0% in the first quarter. Goldman Sachs Group Inc. now owns 57,765 shares of the company’s stock valued at $5,774,000 after buying an additional 2,771 shares during the period. Ameritas Advisory Services LLC bought a new stake in SPDR S&P Telecom ETF in the second quarter valued at approximately $97,000. Roman Butler Fullerton & Co. acquired a new stake in SPDR S&P Telecom ETF during the 2nd quarter valued at approximately $603,000. Envestnet Asset Management Inc. bought a new position in SPDR S&P Telecom ETF during the 2nd quarter worth approximately $200,000. Finally, Cetera Investment Advisers raised its holdings in SPDR S&P Telecom ETF by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 36,984 shares of the company’s stock worth $4,339,000 after purchasing an additional 1,098 shares during the last quarter.

SPDR S&P Telecom ETF Stock Up 1.0%

Shares of SPDR S&P Telecom ETF stock opened at $162.07 on Friday. SPDR S&P Telecom ETF has a twelve month low of $84.68 and a twelve month high of $164.00. The stock has a market cap of $235.00 million, a price-to-earnings ratio of 17.49 and a beta of 1.11. The company’s fifty day moving average is $150.17 and its 200 day moving average is $139.76.

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.