Financial Select Sector SPDR Fund (XLF) Short Interest Down 6.4% in November

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 72,207,972 shares, a decrease of 6.4% from the November 15th total of 77,108,898 shares. Based on an average daily trading volume, of 60,935,908 shares, the short-interest ratio is currently 1.2 days.

Several hedge funds and other institutional investors have recently modified their holdings of XLF. Sei Investments Co. lifted its position in Financial Select Sector SPDR Fund by 12.1% during the second quarter. Sei Investments Co. now owns 54,815 shares of the exchange traded fund’s stock valued at $1,352,000 after purchasing an additional 5,936 shares during the period. BB&T Securities LLC lifted its position in Financial Select Sector SPDR Fund by 33.4% during the second quarter. BB&T Securities LLC now owns 213,447 shares of the exchange traded fund’s stock valued at $5,266,000 after purchasing an additional 53,407 shares during the period. Annex Advisory Services LLC bought a new position in Financial Select Sector SPDR Fund during the second quarter valued at approximately $29,296,000. Richard Bernstein Advisors LLC lifted its position in Financial Select Sector SPDR Fund by 37.5% during the second quarter. Richard Bernstein Advisors LLC now owns 2,474,588 shares of the exchange traded fund’s stock valued at $61,048,000 after purchasing an additional 674,366 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Financial Select Sector SPDR Fund by 0.4% during the second quarter. William Blair Investment Management LLC now owns 528,600 shares of the exchange traded fund’s stock valued at $13,041,000 after purchasing an additional 2,200 shares during the period.

Financial Select Sector SPDR Fund (NYSEARCA:XLF) opened at $28.05 on Friday. The stock has a market cap of $32,990.00 and a P/E ratio of -16.80. Financial Select Sector SPDR Fund has a 52 week low of $22.00 and a 52 week high of $28.33.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th will be paid a $0.1283 dividend. This represents a $0.51 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, December 15th. This is an increase from Financial Select Sector SPDR Fund’s previous quarterly dividend of $0.10. Financial Select Sector SPDR Fund’s dividend payout ratio is currently -24.55%.

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About Financial Select Sector SPDR Fund

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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