Short Interest in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Drops By 60.6%

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 41,658 shares, a decrease of 60.6% from the May 31st total of 105,737 shares. Based on an average trading volume of 121,349 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. WealthPoint Financial LLC increased its holdings in SPDR SSGA US Sector Rotation ETF by 17.2% in the first quarter. WealthPoint Financial LLC now owns 29,357 shares of the company’s stock worth $1,695,000 after buying an additional 4,305 shares during the last quarter. Western Wealth Management LLC acquired a new stake in SPDR SSGA US Sector Rotation ETF in the first quarter valued at approximately $384,000. Midwest Financial Network LLC lifted its stake in SPDR SSGA US Sector Rotation ETF by 76.8% in the first quarter. Midwest Financial Network LLC now owns 63,200 shares of the company’s stock valued at $3,649,000 after acquiring an additional 27,451 shares during the last quarter. NewEdge Advisors LLC grew its position in SPDR SSGA US Sector Rotation ETF by 8.2% in the first quarter. NewEdge Advisors LLC now owns 287,644 shares of the company’s stock worth $16,609,000 after acquiring an additional 21,872 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in SPDR SSGA US Sector Rotation ETF by 10.1% in the first quarter. Cetera Investment Advisers now owns 181,016 shares of the company’s stock worth $10,452,000 after acquiring an additional 16,652 shares in the last quarter.

SPDR SSGA US Sector Rotation ETF Trading Up 1.2%

Shares of NYSEARCA:XLSR opened at $64.86 on Wednesday. SPDR SSGA US Sector Rotation ETF has a 1 year low of $54.67 and a 1 year high of $66.69. The business has a fifty day simple moving average of $64.56 and a 200 day simple moving average of $62.29. The firm has a market cap of $965.77 million, a price-to-earnings ratio of 22.41 and a beta of 0.96.

About SPDR SSGA US Sector Rotation ETF

The SPDR SSGA U.S. Sector Rotation ETF (XLSR) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of companies classified within favorable sectors of the S&P 500. XLSR was launched on Apr 2, 2019 and is managed by State Street.