SPDR KBW Regional Banking (KRE) Sees Large Drop in Short Interest
SPDR KBW Regional Banking (NYSE:KRE) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 26,933,797 shares, a decline of 12.2% from the September 15th total of 30,664,308 shares. Based on an average trading volume of 5,019,660 shares, the days-to-cover ratio is presently 5.4 days.
Shares of SPDR KBW Regional Banking (NYSE:KRE) opened at 41.71 on Tuesday. The firm’s 50-day moving average is $42.35 and its 200-day moving average is $40.43. SPDR KBW Regional Banking has a 12-month low of $32.63 and a 12-month high of $46.33.
About SPDR KBW Regional Banking
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SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.
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