SPDR KBW Regional Banking (NYSE:KRE) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 19,286,095 shares, an increase of 22.3% from the July 31st total of 15,775,124 shares. Based on an average daily volume of 4,485,385 shares, the days-to-cover ratio is presently 4.3 days.

Several hedge funds have recently modified their holdings of the stock. Cambridge Advisors Inc. purchased a new stake in shares of SPDR KBW Regional Banking during the second quarter valued at about $459,000. First Midwest Bank Trust Division purchased a new stake in shares of SPDR KBW Regional Banking during the second quarter valued at about $1,472,000. Wellington Shields Capital Management LLC raised its stake in shares of SPDR KBW Regional Banking by 0.4% in the second quarter. Wellington Shields Capital Management LLC now owns 12,020 shares of the exchange traded fund’s stock valued at $660,000 after buying an additional 50 shares during the last quarter. Howland Capital Management LLC purchased a new stake in shares of SPDR KBW Regional Banking during the second quarter valued at about $223,000. Finally, First Heartland Consultants Inc. raised its stake in shares of SPDR KBW Regional Banking by 9.4% in the second quarter. First Heartland Consultants Inc. now owns 8,938 shares of the exchange traded fund’s stock valued at $491,000 after buying an additional 765 shares during the last quarter.

SPDR KBW Regional Banking (NYSE KRE) opened at 51.85 on Wednesday. The stock has a 50 day moving average of $54.04 and a 200-day moving average of $54.58. SPDR KBW Regional Banking has a 52-week low of $40.97 and a 52-week high of $59.68.

TRADEMARK VIOLATION WARNING: “SPDR KBW Regional Banking (KRE) Short Interest Up 22.3% in August” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/08/30/spdr-kbw-regional-banking-kre-short-interest-up-22-3-in-august.html.

About SPDR KBW Regional Banking

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.

Receive News & Ratings for SPDR KBW Regional Banking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR KBW Regional Banking and related companies with MarketBeat.com's FREE daily email newsletter.