SPDR S&P Telecom ETF (NYSEARCA:XTL) Short Interest Update

SPDR S&P Telecom ETF (NYSEARCA:XTL) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 26,577 shares, an increase of 94.9% from the January 29th total of 13,637 shares. Based on an average daily volume of 21,196 shares, the short-interest ratio is presently 1.3 days. Currently, 1.8% of the shares of the company are sold short. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 21,196 shares, the short-interest ratio is presently 1.3 days.

SPDR S&P Telecom ETF Price Performance

Shares of XTL opened at $184.02 on Monday. SPDR S&P Telecom ETF has a 1 year low of $84.68 and a 1 year high of $184.02. The stock’s fifty day moving average price is $165.33 and its two-hundred day moving average price is $150.84. The firm has a market cap of $276.03 million, a PE ratio of 17.49 and a beta of 1.11.

Hedge Funds Weigh In On SPDR S&P Telecom ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XTL. CWM LLC purchased a new stake in SPDR S&P Telecom ETF in the 4th quarter worth approximately $33,959,000. Castleark Management LLC purchased a new stake in shares of SPDR S&P Telecom ETF in the third quarter worth $8,359,000. UBS Group AG raised its position in shares of SPDR S&P Telecom ETF by 184.7% in the fourth quarter. UBS Group AG now owns 52,178 shares of the company’s stock worth $7,995,000 after buying an additional 33,851 shares in the last quarter. Bank of America Corp DE boosted its stake in SPDR S&P Telecom ETF by 48.8% during the third quarter. Bank of America Corp DE now owns 64,804 shares of the company’s stock valued at $9,067,000 after buying an additional 21,242 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in SPDR S&P Telecom ETF during the third quarter worth about $2,387,000.

About SPDR S&P Telecom ETF

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.