Financial Select Sector SPDR Fund (XLF) Short Interest Update

Financial Select Sector SPDR Fund (NYSE:XLF) was the target of a large decrease in short interest in the month of October. As of October 13th, there was short interest totalling 62,857,141 shares, a decrease of 4.3% from the September 29th total of 65,713,672 shares. Based on an average daily trading volume, of 45,594,384 shares, the days-to-cover ratio is currently 1.4 days.

Financial Select Sector SPDR Fund (XLF) opened at 26.78 on Monday. The company’s 50-day moving average price is $25.84 and its 200-day moving average price is $24.67. Financial Select Sector SPDR Fund has a 1-year low of $19.40 and a 1-year high of $26.92.

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Financial Select Sector SPDR Fund by 117.2% in the second quarter. JPMorgan Chase & Co. now owns 13,368,496 shares of the exchange traded fund’s stock worth $329,800,000 after buying an additional 7,212,427 shares during the period. Bank of Nova Scotia lifted its holdings in Financial Select Sector SPDR Fund by 48.1% in the second quarter. Bank of Nova Scotia now owns 9,587,388 shares of the exchange traded fund’s stock worth $237,230,000 after buying an additional 3,114,660 shares during the period. Quantitative Investment Management LLC lifted its holdings in Financial Select Sector SPDR Fund by 269.6% in the second quarter. Quantitative Investment Management LLC now owns 8,589,900 shares of the exchange traded fund’s stock worth $211,912,000 after buying an additional 6,265,900 shares during the period. Pinnacle Advisory Group Inc. lifted its holdings in Financial Select Sector SPDR Fund by 41.6% in the third quarter. Pinnacle Advisory Group Inc. now owns 6,267,231 shares of the exchange traded fund’s stock worth $162,071,000 after buying an additional 1,840,000 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its holdings in Financial Select Sector SPDR Fund by 13.2% in the second quarter. UBS Asset Management Americas Inc. now owns 3,898,108 shares of the exchange traded fund’s stock worth $96,166,000 after buying an additional 455,595 shares during the period.

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Financial Select Sector SPDR Fund Company Profile

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.

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