Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Sees Significant Decrease in Short Interest

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 7,279,257 shares, a decrease of 16.5% from the February 12th total of 8,721,805 shares. Approximately 4.2% of the company’s stock are sold short. Based on an average daily volume of 9,162,302 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 9,162,302 shares, the short-interest ratio is currently 0.8 days. Approximately 4.2% of the company’s stock are sold short.

Real Estate Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA XLRE traded up $0.43 during mid-day trading on Monday, reaching $42.68. 7,381,561 shares of the company traded hands, compared to its average volume of 9,737,806. The company’s fifty day moving average is $42.19 and its two-hundred day moving average is $41.64. Real Estate Select Sector SPDR Fund has a fifty-two week low of $35.76 and a fifty-two week high of $44.07. The stock has a market cap of $7.42 billion, a PE ratio of 39.18 and a beta of 1.00.

Institutional Trading of Real Estate Select Sector SPDR Fund

Institutional investors and hedge funds have recently modified their holdings of the company. AlphaCore Capital LLC lifted its stake in shares of Real Estate Select Sector SPDR Fund by 346,066.7% in the second quarter. AlphaCore Capital LLC now owns 31,155 shares of the company’s stock valued at $1,290,000 after buying an additional 31,146 shares during the period. Personal CFO Solutions LLC acquired a new position in shares of Real Estate Select Sector SPDR Fund in the 2nd quarter worth approximately $898,000. Howe & Rusling Inc. lifted its holdings in shares of Real Estate Select Sector SPDR Fund by 36.8% during the second quarter. Howe & Rusling Inc. now owns 4,866 shares of the company’s stock valued at $202,000 after acquiring an additional 1,310 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of Real Estate Select Sector SPDR Fund by 13.1% during the second quarter. Rockefeller Capital Management L.P. now owns 150,203 shares of the company’s stock worth $6,221,000 after buying an additional 17,341 shares in the last quarter. Finally, FineMark National Bank & Trust boosted its stake in Real Estate Select Sector SPDR Fund by 7.2% in the second quarter. FineMark National Bank & Trust now owns 7,764 shares of the company’s stock worth $322,000 after purchasing an additional 523 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.