Utilities SPDR (NYSE:XLU) Sees Large Drop in Short Interest
Utilities SPDR (NYSE:XLU) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 48,816,044 shares, a decrease of 8.8% from the July 14th total of 53,537,439 shares. Based on an average daily trading volume, of 9,525,257 shares, the days-to-cover ratio is presently 5.1 days.
Shares of Utilities SPDR (NYSE:XLU) opened at 54.05 on Tuesday. Utilities SPDR has a 12-month low of $45.33 and a 12-month high of $54.63. The firm has a 50-day moving average of $52.78 and a 200-day moving average of $51.91.
Hedge funds and other institutional investors have recently modified their holdings of the company. Barry Investment Advisors LLC raised its position in shares of Utilities SPDR by 0.5% in the second quarter. Barry Investment Advisors LLC now owns 27,381 shares of the exchange traded fund’s stock valued at $1,423,000 after buying an additional 137 shares during the period. Parsec Financial Management Inc. bought a new position in shares of Utilities SPDR during the second quarter valued at approximately $437,000. NGAM Advisors L.P. bought a new position in shares of Utilities SPDR during the second quarter valued at approximately $2,343,000. Pinnacle Financial Partners Inc. bought a new position in shares of Utilities SPDR during the second quarter valued at approximately $1,144,000. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in shares of Utilities SPDR during the second quarter valued at approximately $3,533,000.
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About Utilities SPDR
Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities.
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