Short Interest in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Expands By 365.8%

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 59,226 shares, an increase of 365.8% from the March 31st total of 12,716 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 71,501 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

Several large investors have recently made changes to their positions in XLSR. Hibernia Wealth Partners LLC increased its stake in shares of SPDR SSGA US Sector Rotation ETF by 91.9% in the fourth quarter. Hibernia Wealth Partners LLC now owns 420,972 shares of the company’s stock valued at $26,231,000 after purchasing an additional 201,647 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SPDR SSGA US Sector Rotation ETF by 12.2% in the third quarter. Envestnet Asset Management Inc. now owns 1,840,266 shares of the company’s stock valued at $109,698,000 after purchasing an additional 200,621 shares during the period. Mosley Wealth Management acquired a new stake in shares of SPDR SSGA US Sector Rotation ETF in the fourth quarter valued at approximately $12,029,000. Axxcess Wealth Management LLC increased its stake in shares of SPDR SSGA US Sector Rotation ETF by 137.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 203,070 shares of the company’s stock valued at $12,653,000 after purchasing an additional 117,402 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of SPDR SSGA US Sector Rotation ETF by 3.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,038,665 shares of the company’s stock valued at $127,029,000 after purchasing an additional 68,680 shares during the period.

SPDR SSGA US Sector Rotation ETF Price Performance

XLSR opened at $62.49 on Monday. The firm has a market cap of $927.98 million, a price-to-earnings ratio of 22.41 and a beta of 0.96. SPDR SSGA US Sector Rotation ETF has a fifty-two week low of $48.59 and a fifty-two week high of $63.13. The company’s 50-day moving average price is $60.05 and its 200 day moving average price is $61.16.

SPDR SSGA US Sector Rotation ETF Company Profile

The SPDR SSGA U.S. Sector Rotation ETF (XLSR) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of companies classified within favorable sectors of the S&P 500. XLSR was launched on Apr 2, 2019 and is managed by State Street.