Short Interest in Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Decreases By 13.1%

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 8,234,207 shares, a decline of 13.1% from the January 15th total of 9,478,828 shares. Based on an average daily volume of 8,677,756 shares, the days-to-cover ratio is currently 0.9 days. Currently, 4.7% of the company’s stock are short sold. Currently, 4.7% of the company’s stock are short sold. Based on an average daily volume of 8,677,756 shares, the days-to-cover ratio is currently 0.9 days.

Real Estate Select Sector SPDR Fund Trading Up 1.5%

Shares of XLRE stock opened at $43.50 on Tuesday. Real Estate Select Sector SPDR Fund has a 1-year low of $35.76 and a 1-year high of $43.86. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 39.18 and a beta of 1.00. The stock’s fifty day simple moving average is $41.14 and its 200-day simple moving average is $41.41.

Hedge Funds Weigh In On Real Estate Select Sector SPDR Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Money Design Co. Ltd. boosted its holdings in Real Estate Select Sector SPDR Fund by 5.0% during the second quarter. Money Design Co. Ltd. now owns 676,601 shares of the company’s stock valued at $28,025,000 after purchasing an additional 31,914 shares in the last quarter. CAP Partners LLC lifted its position in shares of Real Estate Select Sector SPDR Fund by 4.6% during the 2nd quarter. CAP Partners LLC now owns 84,010 shares of the company’s stock worth $3,480,000 after buying an additional 3,708 shares during the period. Castle Wealth Management LLC boosted its stake in Real Estate Select Sector SPDR Fund by 1.3% in the 2nd quarter. Castle Wealth Management LLC now owns 40,678 shares of the company’s stock valued at $1,685,000 after buying an additional 515 shares in the last quarter. Freedom Investment Management Inc. grew its position in Real Estate Select Sector SPDR Fund by 56.9% in the second quarter. Freedom Investment Management Inc. now owns 29,375 shares of the company’s stock valued at $1,217,000 after acquiring an additional 10,653 shares during the period. Finally, D.A. Davidson & CO. raised its stake in Real Estate Select Sector SPDR Fund by 1.9% during the second quarter. D.A. Davidson & CO. now owns 269,306 shares of the company’s stock worth $11,155,000 after acquiring an additional 5,099 shares in the last quarter.

Real Estate Select Sector SPDR Fund Company Profile

The Real Estate Select Sector SPDR Fund (XLRE) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index, a market-cap-weighted index of REITs and real estate stocks, excluding mortgage REITs, from the S&P 500. XLRE was launched on Oct 7, 2015 and is managed by State Street.