SPDR S&P Software & Services ETF (NYSEARCA:XSW – Get Free Report) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 138,949 shares, a drop of 35.5% from the May 14th total of 215,346 shares. Approximately 5.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 79,386 shares, the short-interest ratio is presently 1.8 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of SPDR S&P Software & Services ETF during the 3rd quarter worth about $25,000. Triumph Capital Management acquired a new position in shares of SPDR S&P Software & Services ETF in the third quarter valued at approximately $34,000. Fifth Third Bancorp acquired a new position in shares of SPDR S&P Software & Services ETF in the first quarter valued at approximately $53,000. Advisory Services Network LLC purchased a new position in shares of SPDR S&P Software & Services ETF during the third quarter valued at approximately $141,000. Finally, Summit Financial LLC purchased a new position in shares of SPDR S&P Software & Services ETF during the fourth quarter valued at approximately $200,000.
SPDR S&P Software & Services ETF Trading Down 0.1%
Shares of NYSEARCA:XSW traded down $0.22 on Wednesday, hitting $166.70. The company had a trading volume of 5,834 shares, compared to its average volume of 90,257. SPDR S&P Software & Services ETF has a 52-week low of $135.19 and a 52-week high of $205.76. The business has a 50 day moving average of $159.12 and a 200 day moving average of $165.41. The company has a market cap of $401.75 million, a PE ratio of 30.29 and a beta of 1.17.
SPDR S&P Software & Services ETF Company Profile
The SPDR S&P Software & Services ETF (XSW) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an equal-weighted index of software & services companies, as defined by GICS. XSW was launched on Sep 28, 2011 and is managed by State Street.
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