SPDR NYSE Technology ETF (NYSEARCA:XNTK) Sees Large Decline in Short Interest

by · The Cerbat Gem

SPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 35,194 shares, a decline of 22.3% from the December 31st total of 45,321 shares. Based on an average daily volume of 39,396 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the shares of the company are sold short. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 39,396 shares, the short-interest ratio is currently 0.9 days.

SPDR NYSE Technology ETF Trading Up 1.1%

SPDR NYSE Technology ETF stock traded up $3.10 during midday trading on Monday, hitting $284.78. The stock had a trading volume of 31,910 shares, compared to its average volume of 35,472. The company has a market capitalization of $1.61 billion, a PE ratio of 31.16 and a beta of 1.31. SPDR NYSE Technology ETF has a 52-week low of $159.43 and a 52-week high of $295.79. The firm’s fifty day moving average is $281.35 and its two-hundred day moving average is $268.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SoundView Advisors Inc. purchased a new position in SPDR NYSE Technology ETF during the 3rd quarter valued at approximately $357,706,000. Keystone Wealth Services LLC purchased a new position in shares of SPDR NYSE Technology ETF in the fourth quarter valued at $51,033,000. New Harbor Financial Group LLC increased its position in SPDR NYSE Technology ETF by 72.7% in the second quarter. New Harbor Financial Group LLC now owns 99,932 shares of the company’s stock worth $23,712,000 after purchasing an additional 42,078 shares during the last quarter. Auto Owners Insurance Co lifted its position in SPDR NYSE Technology ETF by 2.7% during the second quarter. Auto Owners Insurance Co now owns 1,520,500 shares of the company’s stock valued at $360,784,000 after purchasing an additional 39,400 shares during the last quarter. Finally, Prostatis Group LLC purchased a new position in shares of SPDR NYSE Technology ETF in the 3rd quarter worth $10,203,000.

About SPDR NYSE Technology ETF

(Get Free Report)

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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