Financial Select Sector SPDR Fund (NYSEARCA:XLF) Short Interest Up 49.3% in February

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 89,171,222 shares, a growth of 49.3% from the January 29th total of 59,730,956 shares. Based on an average daily volume of 59,302,870 shares, the days-to-cover ratio is presently 1.5 days. Approximately 8.6% of the company’s stock are sold short. Approximately 8.6% of the company’s stock are sold short. Based on an average daily volume of 59,302,870 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On Financial Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC bought a new stake in Financial Select Sector SPDR Fund in the 2nd quarter valued at approximately $4,162,000. Quantinno Capital Management LP raised its holdings in shares of Financial Select Sector SPDR Fund by 14.0% in the second quarter. Quantinno Capital Management LP now owns 254,283 shares of the exchange traded fund’s stock valued at $13,317,000 after purchasing an additional 31,286 shares during the last quarter. Diversify Advisory Services LLC lifted its position in shares of Financial Select Sector SPDR Fund by 17.3% in the second quarter. Diversify Advisory Services LLC now owns 42,105 shares of the exchange traded fund’s stock worth $2,209,000 after purchasing an additional 6,208 shares in the last quarter. HUB Investment Partners LLC bought a new stake in shares of Financial Select Sector SPDR Fund in the second quarter worth $452,000. Finally, First Trust Advisors LP boosted its holdings in Financial Select Sector SPDR Fund by 65.8% during the second quarter. First Trust Advisors LP now owns 199,906 shares of the exchange traded fund’s stock worth $10,469,000 after purchasing an additional 79,344 shares during the last quarter. 72.51% of the stock is owned by institutional investors.

Financial Select Sector SPDR Fund Stock Performance

XLF stock traded down $1.07 during mid-day trading on Friday, hitting $51.43. 81,994,522 shares of the company were exchanged, compared to its average volume of 52,986,609. Financial Select Sector SPDR Fund has a 1-year low of $42.21 and a 1-year high of $56.51. The firm’s 50 day simple moving average is $53.81 and its 200 day simple moving average is $53.42. The firm has a market cap of $53.21 billion, a P/E ratio of 18.25 and a beta of 0.99.

Financial Select Sector SPDR Fund Company Profile

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.