Financial Select Sector SPDR Fund (NYSEARCA:XLF) Short Interest Up 33.6% in February

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 119,121,653 shares, a growth of 33.6% from the February 12th total of 89,171,222 shares. Currently, 11.5% of the shares of the stock are short sold. Based on an average trading volume of 60,979,729 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 60,979,729 shares, the days-to-cover ratio is currently 2.0 days. Currently, 11.5% of the shares of the stock are short sold.

Institutional Trading of Financial Select Sector SPDR Fund

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Financial Select Sector SPDR Fund by 11.9% during the 4th quarter. Brighton Jones LLC now owns 52,998 shares of the exchange traded fund’s stock valued at $2,561,000 after acquiring an additional 5,622 shares in the last quarter. Bison Wealth LLC raised its position in Financial Select Sector SPDR Fund by 2.8% during the fourth quarter. Bison Wealth LLC now owns 7,640 shares of the exchange traded fund’s stock worth $369,000 after acquiring an additional 210 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Financial Select Sector SPDR Fund by 57.8% in the first quarter. AQR Capital Management LLC now owns 40,546 shares of the exchange traded fund’s stock valued at $2,020,000 after purchasing an additional 14,844 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Financial Select Sector SPDR Fund in the first quarter valued at about $2,408,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Financial Select Sector SPDR Fund by 63.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 138,614 shares of the exchange traded fund’s stock valued at $6,904,000 after purchasing an additional 53,614 shares during the last quarter. Institutional investors and hedge funds own 72.51% of the company’s stock.

Financial Select Sector SPDR Fund Price Performance

NYSEARCA XLF opened at $49.30 on Tuesday. 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 market capitalization of $51.00 billion, a P/E ratio of 18.25 and a beta of 0.99. The business has a 50 day moving average price of $52.69 and a 200 day moving average price of $53.21.

About Financial Select Sector SPDR Fund

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.