Financial Select Sector SPDR Fund (NYSEARCA:XLF) Short Interest Up 49.3% in February

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 89,171,222 shares, a growth of 49.3% from the January 29th total of 59,730,956 shares. Based on an average daily trading volume, of 59,302,870 shares, the days-to-cover ratio is currently 1.5 days. Currently, 8.6% of the shares of the stock are short sold. Currently, 8.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,302,870 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Financial Select Sector SPDR Fund

Large investors have recently added to or reduced their stakes in the business. Wexford Capital LP acquired a new stake in Financial Select Sector SPDR Fund during the 3rd quarter worth about $29,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Financial Select Sector SPDR Fund during the third quarter worth $29,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Financial Select Sector SPDR Fund during the 3rd quarter worth about $29,000. Aventura Private Wealth LLC bought a new position in Financial Select Sector SPDR Fund during the fourth quarter valued at approximately $31,000. Finally, Intesa Sanpaolo Wealth Management acquired a new stake in shares of Financial Select Sector SPDR Fund in the 4th quarter valued at $35,000. 72.51% of the stock is currently owned by institutional investors.

Financial Select Sector SPDR Fund Trading Down 0.3%

Shares of Financial Select Sector SPDR Fund stock opened at $51.30 on Tuesday. Financial Select Sector SPDR Fund has a 52 week low of $42.21 and a 52 week high of $56.51. The stock has a market cap of $53.07 billion, a PE ratio of 18.25 and a beta of 0.99. The company’s 50-day moving average price is $53.73 and its two-hundred day moving average price is $53.42.

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.