Financial Select Sector SPDR Fund (NYSEARCA:XLF) Short Interest Update

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 150,865,446 shares, a growth of 26.6% from the February 26th total of 119,121,653 shares. Approximately 14.6% of the company’s shares are short sold. Based on an average trading volume of 67,116,440 shares, the short-interest ratio is presently 2.2 days.

Financial Select Sector SPDR Fund Stock Performance

Shares of NYSEARCA:XLF opened at $49.37 on Wednesday. The firm’s 50 day simple moving average is $51.40 and its 200-day simple moving average is $52.85. Financial Select Sector SPDR Fund has a one year low of $42.21 and a one year high of $56.51. The firm has a market cap of $51.08 billion, a PE ratio of 18.25 and a beta of 0.99.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position 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 buying an additional 18,724,516 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of 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 valued at $4,415,238,000 after acquiring an additional 15,014,591 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake 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 acquiring an additional 3,697,754 shares during the period. Raymond James Financial Inc. lifted its stake in Financial Select Sector SPDR Fund by 20.3% in 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 acquiring an additional 2,753,084 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Financial Select Sector SPDR Fund by 23.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,244,098 shares of the exchange traded fund’s stock worth $767,375,000 after acquiring an additional 2,682,361 shares in the last quarter. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

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.