SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Up 156.6% in December
by Renee Jackson · The Cerbat GemSPDR NYSE Technology ETF (NYSEARCA:XNTK – Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 29,655 shares, a growth of 156.6% from the November 30th total of 11,555 shares. Based on an average daily volume of 42,751 shares, the days-to-cover ratio is currently 0.7 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 42,751 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. raised its stake in SPDR NYSE Technology ETF by 1,050.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 138 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in shares of SPDR NYSE Technology ETF in the 2nd quarter valued at approximately $35,000. Qube Research & Technologies Ltd lifted its holdings in shares of SPDR NYSE Technology ETF by 351.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock worth $35,000 after acquiring an additional 116 shares during the period. Allworth Financial LP bought a new stake in shares of SPDR NYSE Technology ETF during the 2nd quarter worth approximately $37,000. Finally, Farther Finance Advisors LLC boosted its position in shares of SPDR NYSE Technology ETF by 101.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 161 shares of the company’s stock worth $44,000 after acquiring an additional 81 shares in the last quarter.
SPDR NYSE Technology ETF Stock Performance
Shares of XNTK stock traded up $0.01 during trading on Friday, hitting $282.57. The company had a trading volume of 9,840 shares, compared to its average volume of 32,751. The firm has a market capitalization of $1.48 billion, a P/E ratio of 31.16 and a beta of 1.31. SPDR NYSE Technology ETF has a one year low of $159.43 and a one year high of $295.79. The stock’s 50-day moving average price is $279.60 and its 200 day moving average price is $258.86.
About SPDR NYSE Technology ETF
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.