SPDR S&P Insurance ETF (NYSEARCA:KIE) Short Interest Up 28.4% in March

SPDR S&P Insurance ETF (NYSEARCA:KIE) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 4,547,256 shares, an increase of 28.4% from the February 26th total of 3,542,080 shares. Approximately 54.1% of the shares of the stock are short sold. Based on an average daily volume of 2,492,706 shares, the short-interest ratio is presently 1.8 days.

SPDR S&P Insurance ETF Price Performance

Shares of KIE opened at $53.55 on Monday. SPDR S&P Insurance ETF has a 1-year low of $52.37 and a 1-year high of $61.27. The company has a market capitalization of $449.82 million, a P/E ratio of 14.40 and a beta of 0.74. The firm’s 50 day simple moving average is $57.16 and its 200 day simple moving average is $58.33.

Institutional Trading of SPDR S&P Insurance ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in shares of SPDR S&P Insurance ETF by 9.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,486,296 shares of the exchange traded fund’s stock worth $89,401,000 after acquiring an additional 123,462 shares during the last quarter. JPMorgan Chase & Co. raised its position in SPDR S&P Insurance ETF by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 1,412,312 shares of the exchange traded fund’s stock valued at $83,778,000 after purchasing an additional 433,329 shares in the last quarter. Citigroup Inc. raised its position in SPDR S&P Insurance ETF by 267.0% during the third quarter. Citigroup Inc. now owns 1,182,119 shares of the exchange traded fund’s stock valued at $70,123,000 after purchasing an additional 860,043 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in SPDR S&P Insurance ETF by 3.3% during the fourth quarter. J.Safra Asset Management Corp now owns 719,781 shares of the exchange traded fund’s stock worth $43,295,000 after purchasing an additional 23,190 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in SPDR S&P Insurance ETF by 65.9% during the third quarter. Kingsview Wealth Management LLC now owns 277,176 shares of the exchange traded fund’s stock worth $16,442,000 after purchasing an additional 110,150 shares during the last quarter.

About SPDR S&P Insurance ETF

The SPDR S&P Insurance ETF (the Fund), formerly SPDR KBW Insurance ETF, seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The Fund invests all, but at least 80%, of its total assets in the securities comprising the Index. The Fund invests in all of the securities represented in the Index in approximately the same proportions as the Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.