SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Large Decrease in Short Interest

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 41,658 shares, a decline of 60.6% from the May 31st total of 105,737 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 121,349 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of SPDR SSGA US Sector Rotation ETF

A number of hedge funds have recently added to or reduced their stakes in the business. WealthPoint Financial LLC increased its position in SPDR SSGA US Sector Rotation ETF by 17.2% during the 1st quarter. WealthPoint Financial LLC now owns 29,357 shares of the company’s stock valued at $1,695,000 after purchasing an additional 4,305 shares during the period. Western Wealth Management LLC purchased a new stake in shares of SPDR SSGA US Sector Rotation ETF in the 1st quarter worth approximately $384,000. Midwest Financial Network LLC boosted its stake in shares of SPDR SSGA US Sector Rotation ETF by 76.8% during the first quarter. Midwest Financial Network LLC now owns 63,200 shares of the company’s stock valued at $3,649,000 after purchasing an additional 27,451 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of SPDR SSGA US Sector Rotation ETF by 8.2% during the first quarter. NewEdge Advisors LLC now owns 287,644 shares of the company’s stock valued at $16,609,000 after purchasing an additional 21,872 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in SPDR SSGA US Sector Rotation ETF by 10.1% during the first quarter. Cetera Investment Advisers now owns 181,016 shares of the company’s stock valued at $10,452,000 after buying an additional 16,652 shares during the period.

SPDR SSGA US Sector Rotation ETF Price Performance

Shares of XLSR stock traded up $1.09 during mid-day trading on Monday, hitting $64.08. The stock had a trading volume of 40,873 shares, compared to its average volume of 67,957. SPDR SSGA US Sector Rotation ETF has a 12-month low of $54.64 and a 12-month high of $66.69. The firm’s 50-day moving average is $64.46 and its two-hundred day moving average is $62.27. The firm has a market capitalization of $954.15 million, a P/E ratio of 22.41 and a beta of 0.96.

About SPDR SSGA US Sector Rotation ETF

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.