Energy Select Sector SPDR (ETF) Sees Significant Decrease in Short Interest (XLE)
Shares of Energy Select Sector SPDR (ETF) (NYSE:XLE) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 43,229,809 shares, a drop of 7.9% from the July 15th total of 46,935,707 shares, Stock Ratings News reports. Based on an average daily volume of 8,543,213 shares, the days-to-cover ratio is currently 5.1 days. Currently, 0.0% of the shares of the stock are short sold.
Shares of Energy Select Sector SPDR (NYSE:XLE) traded up 0.27% during mid-day trading on Monday, hitting $96.63. The stock had a trading volume of 8,597,847 shares. Energy Select Sector SPDR has a one year low of $79.83 and a one year high of $101.52. The stock has a 50-day moving average of $98.31 and a 200-day moving average of $93.02.
Energy Select Sector SPDR Fund (NYSE:XLE) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index).
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