SPDR NYSE Technology ETF (NYSEARCA:XNTK) Short Interest Up 321.4% in October

SPDR NYSE Technology ETF (NYSEARCA:XNTK) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 29,500 shares, a growth of 321.4% from the September 30th total of 7,000 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 32,400 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 32,400 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Trading of SPDR NYSE Technology ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. acquired a new stake in shares of SPDR NYSE Technology ETF during the 1st quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of SPDR NYSE Technology ETF by 1,050.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 138 shares of the company’s stock worth $33,000 after purchasing an additional 126 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of SPDR NYSE Technology ETF during the 2nd quarter worth approximately $35,000. Qube Research & Technologies Ltd grew its position in SPDR NYSE Technology ETF by 351.5% during the second quarter. Qube Research & Technologies Ltd now owns 149 shares of the company’s stock valued at $35,000 after buying an additional 116 shares during the period. Finally, Allworth Financial LP acquired a new stake in SPDR NYSE Technology ETF during the second quarter valued at $37,000.

SPDR NYSE Technology ETF Stock Performance

Shares of XNTK opened at $289.66 on Friday. The business’s 50-day moving average is $266.94 and its two-hundred day moving average is $238.13. The company has a market capitalization of $1.49 billion, a P/E ratio of 31.16 and a beta of 1.31. SPDR NYSE Technology ETF has a fifty-two week low of $159.43 and a fifty-two week high of $295.79.

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.