Utilities SPDR (XLU) Short Interest Down 14.2% in September
Utilities SPDR (NYSE:XLU) was the recipient of a large drop in short interest in September. As of September 29th, there was short interest totalling 40,692,499 shares, a drop of 14.2% from the September 15th total of 47,437,739 shares. Based on an average daily volume of 13,367,951 shares, the days-to-cover ratio is currently 3.0 days.
Shares of Utilities SPDR (XLU) opened at 54.15 on Monday. The stock has a 50 day moving average price of $54.19 and a 200-day moving average price of $53.11. Utilities SPDR has a 52-week low of $45.33 and a 52-week high of $55.90.
The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 18th were paid a dividend of $0.4172 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.08%.
Several hedge funds have recently modified their holdings of the stock. Mizuho Trust & Banking Co. Ltd. grew its stake in shares of Utilities SPDR by 820.0% during the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 920,000 shares of the exchange traded fund’s stock worth $47,803,000 after purchasing an additional 820,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Utilities SPDR by 11.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442,533 shares of the exchange traded fund’s stock worth $22,995,000 after purchasing an additional 45,655 shares in the last quarter. BlueCrest Capital Management Ltd grew its stake in shares of Utilities SPDR by 1,107.6% during the second quarter. BlueCrest Capital Management Ltd now owns 337,323 shares of the exchange traded fund’s stock worth $17,527,000 after purchasing an additional 309,390 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Utilities SPDR by 68.0% during the second quarter. Ameriprise Financial Inc. now owns 296,741 shares of the exchange traded fund’s stock worth $15,407,000 after purchasing an additional 120,125 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Utilities SPDR during the second quarter worth $15,238,000.
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Utilities SPDR Company Profile
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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