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

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

Real Estate Select Sector SPDR Fund Stock Performance

NYSEARCA XLRE opened at $43.35 on Thursday. The business’s 50 day moving average price is $41.26 and its 200-day moving average price is $41.44. Real Estate Select Sector SPDR Fund has a fifty-two week low of $35.76 and a fifty-two week high of $43.97. The company has a market cap of $7.54 billion, a P/E ratio of 39.18 and a beta of 1.00.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Money Design Co. Ltd. increased its position in Real Estate Select Sector SPDR Fund by 5.0% during the 2nd 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 during the period. CAP Partners LLC boosted its stake in shares of Real Estate Select Sector SPDR Fund by 4.6% during the second quarter. CAP Partners LLC now owns 84,010 shares of the company’s stock valued at $3,480,000 after purchasing an additional 3,708 shares in the last quarter. Castle Wealth Management LLC increased its holdings in Real Estate Select Sector SPDR Fund by 1.3% during the second 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 during the period. Freedom Investment Management Inc. increased its holdings in Real Estate Select Sector SPDR Fund by 56.9% during the second quarter. Freedom Investment Management Inc. now owns 29,375 shares of the company’s stock valued at $1,217,000 after buying 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% in the second quarter. D.A. Davidson & CO. now owns 269,306 shares of the company’s stock worth $11,155,000 after buying 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.