SPDR S&P Transportation ETF (NYSEARCA:XTN) Sees Significant Growth in Short Interest

SPDR S&P Transportation ETF (NYSEARCA:XTN) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 30,900 shares, a growth of 43.7% from the September 15th total of 21,500 shares. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is presently 2.0 days. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC grew its position in SPDR S&P Transportation ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 400 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. SVB Wealth LLC purchased a new stake in shares of SPDR S&P Transportation ETF in the first quarter valued at about $50,000. Sovran Advisors LLC lifted its holdings in shares of SPDR S&P Transportation ETF by 4.3% in the first quarter. Sovran Advisors LLC now owns 4,228 shares of the company’s stock valued at $287,000 after purchasing an additional 175 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of SPDR S&P Transportation ETF in the first quarter valued at about $351,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of SPDR S&P Transportation ETF by 1,474.6% in the first quarter. Jones Financial Companies Lllp now owns 6,503 shares of the company’s stock valued at $480,000 after purchasing an additional 6,090 shares in the last quarter.

SPDR S&P Transportation ETF Trading Up 0.8%

SPDR S&P Transportation ETF stock opened at $84.23 on Friday. The company has a fifty day simple moving average of $85.00 and a 200-day simple moving average of $80.30. SPDR S&P Transportation ETF has a 12-month low of $61.95 and a 12-month high of $95.62. The stock has a market cap of $139.82 million, a P/E ratio of 16.16 and a beta of 1.33.

SPDR S&P Transportation ETF Company Profile

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.