Short Interest in Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Drops By 16.5%

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 7,279,257 shares, a decline of 16.5% from the February 12th total of 8,721,805 shares. Based on an average daily trading volume, of 9,162,302 shares, the days-to-cover ratio is currently 0.8 days. Currently, 4.2% of the shares of the company are sold short. Currently, 4.2% of the shares of the company are sold short. Based on an average daily trading volume, of 9,162,302 shares, the days-to-cover ratio is currently 0.8 days.

Real Estate Select Sector SPDR Fund Trading Up 0.8%

NYSEARCA:XLRE opened at $42.58 on Tuesday. Real Estate Select Sector SPDR Fund has a 1 year low of $35.76 and a 1 year high of $44.07. The firm’s fifty day simple moving average is $42.23 and its 200 day simple moving average is $41.65. The firm has a market capitalization of $7.40 billion, a PE ratio of 39.18 and a beta of 1.00.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Hedge funds have recently bought and sold shares of the company. Creative Planning lifted its position in shares of Real Estate Select Sector SPDR Fund by 8.9% during the 3rd quarter. Creative Planning now owns 40,704,991 shares of the company’s stock worth $1,714,901,000 after purchasing an additional 3,318,723 shares during the last quarter. Auto Owners Insurance Co boosted its stake in Real Estate Select Sector SPDR Fund by 5,195.3% during the 4th quarter. Auto Owners Insurance Co now owns 30,927,065 shares of the company’s stock valued at $1,247,907,000 after purchasing an additional 30,343,017 shares during the period. Phoenix Financial Ltd. grew its holdings in Real Estate Select Sector SPDR Fund by 102.1% in the 3rd quarter. Phoenix Financial Ltd. now owns 4,697,204 shares of the company’s stock valued at $197,893,000 after buying an additional 2,373,000 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in Real Estate Select Sector SPDR Fund by 3.4% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 3,268,794 shares of the company’s stock valued at $131,896,000 after buying an additional 106,820 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Real Estate Select Sector SPDR Fund by 4.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,392,845 shares of the company’s stock worth $100,832,000 after buying an additional 101,172 shares during the period.

Real Estate Select Sector SPDR Fund Company Profile

The Real Estate Select Sector SPDR Fund (XLRE) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index, a market-cap-weighted index of REITs and real estate stocks, excluding mortgage REITs, from the S&P 500. XLRE was launched on Oct 7, 2015 and is managed by State Street.