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

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

Financial Select Sector SPDR Fund Trading Down 0.5%

XLF stock traded down $0.25 during mid-day trading on Monday, hitting $51.18. The stock had a trading volume of 30,369,577 shares, compared to its average volume of 52,370,094. Financial Select Sector SPDR Fund has a 1-year low of $42.21 and a 1-year high of $56.51. The company has a fifty day moving average of $53.81 and a 200 day moving average of $53.43. The stock has a market capitalization of $52.95 billion, a price-to-earnings ratio of 18.25 and a beta of 0.99.

Hedge Funds Weigh In On Financial Select Sector SPDR Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of Financial Select Sector SPDR Fund by 16.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,084,547 shares of the exchange traded fund’s stock worth $7,169,265,000 after purchasing an additional 18,724,516 shares during the last quarter. Bank of America Corp DE boosted its holdings in Financial Select Sector SPDR Fund by 22.9% in the fourth quarter. Bank of America Corp DE now owns 80,614,166 shares of the exchange traded fund’s stock worth $4,415,238,000 after purchasing an additional 15,014,591 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Financial Select Sector SPDR Fund by 20.2% in the third quarter. Envestnet Asset Management Inc. now owns 22,039,582 shares of the exchange traded fund’s stock worth $1,187,272,000 after purchasing an additional 3,697,754 shares in the last quarter. Raymond James Financial Inc. increased its position in Financial Select Sector SPDR Fund by 20.3% during the fourth quarter. Raymond James Financial Inc. now owns 16,288,590 shares of the exchange traded fund’s stock worth $892,126,000 after buying an additional 2,753,084 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Financial Select Sector SPDR Fund by 23.2% during the third quarter. Ameriprise Financial Inc. now owns 14,244,098 shares of the exchange traded fund’s stock worth $767,375,000 after buying an additional 2,682,361 shares during the last quarter. Institutional investors own 72.51% of the company’s stock.

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.