SPDR S&P Semiconductor ETF (NYSEARCA:XSD) Short Interest Down 39.3% in July

SPDR S&P Semiconductor ETF (NYSEARCA:XSD) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 103,933 shares, a decrease of 39.3% from the July 15th total of 171,250 shares. Based on an average daily volume of 80,874 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.9% of the shares of the company are short sold.

Institutional Investors Weigh In On SPDR S&P Semiconductor ETF

Hedge funds have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC purchased a new position in shares of SPDR S&P Semiconductor ETF during the first quarter worth about $26,000. CIBC Private Wealth Group LLC acquired a new stake in SPDR S&P Semiconductor ETF during the 3rd quarter worth approximately $32,000. Glenmede Trust Co. NA purchased a new position in shares of SPDR S&P Semiconductor ETF in the 1st quarter valued at approximately $33,000. Strategic Advocates LLC grew its stake in shares of SPDR S&P Semiconductor ETF by 71.0% in the 4th quarter. Strategic Advocates LLC now owns 106 shares of the company’s stock valued at $34,000 after purchasing an additional 44 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of SPDR S&P Semiconductor ETF by 120.0% in the third quarter. Sunbelt Securities Inc. now owns 110 shares of the company’s stock valued at $35,000 after purchasing an additional 60 shares during the period.

SPDR S&P Semiconductor ETF Stock Performance

SPDR S&P Semiconductor ETF stock traded down $34.82 during midday trading on Tuesday, hitting $514.52. 52,625 shares of the company’s stock were exchanged, compared to its average volume of 86,013. SPDR S&P Semiconductor ETF has a 12-month low of $267.00 and a 12-month high of $658.14. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 33.47 and a beta of 2.01. The firm’s 50 day simple moving average is $551.29 and its 200 day simple moving average is $467.96.

SPDR S&P Semiconductor ETF Company Profile

SPDR S&P Semiconductor ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Semiconductor Select Industry Index. The S&P Semiconductor Select Industry Index represents the Semiconductor sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.