Short Interest in Real Estate Select Sector SPDR Fund (XLRE) Grows By 65.3%

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,353,366 shares, an increase of 65.3% from the February 28th total of 2,634,354 shares. Based on an average daily volume of 5,525,305 shares, the days-to-cover ratio is presently 0.8 days.

Shares of Real Estate Select Sector SPDR Fund stock traded down $0.07 during trading hours on Wednesday, hitting $31.02. 2,116,049 shares of the company’s stock traded hands, compared to its average volume of 4,275,062. Real Estate Select Sector SPDR Fund has a 12-month low of $29.17 and a 12-month high of $34.02.

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The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Monday, March 19th were issued a $0.1833 dividend. This represents a $0.73 annualized dividend and a yield of 2.36%. The ex-dividend date was Friday, March 16th.

A number of institutional investors and hedge funds have recently made changes to their positions in XLRE. Banco de Sabadell S.A bought a new position in Real Estate Select Sector SPDR Fund in the 4th quarter worth about $123,000. CWM LLC boosted its stake in Real Estate Select Sector SPDR Fund by 101.7% in the 4th quarter. CWM LLC now owns 5,169 shares of the company’s stock worth $170,000 after purchasing an additional 2,606 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Real Estate Select Sector SPDR Fund by 61.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,677 shares of the company’s stock worth $183,000 after purchasing an additional 2,170 shares during the period. Valeo Financial Advisors LLC bought a new position in Real Estate Select Sector SPDR Fund in the 3rd quarter worth about $188,000. Finally, Blue Granite Capital LLC boosted its stake in Real Estate Select Sector SPDR Fund by 757.1% in the 4th quarter. Blue Granite Capital LLC now owns 6,000 shares of the company’s stock worth $193,000 after purchasing an additional 5,300 shares during the period.

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