Utilities SPDR (NYSEARCA:XLU) was the recipient of a significant growth in short interest in December. As of December 29th, there was short interest totalling 49,206,969 shares, a growth of 9.2% from the December 15th total of 45,060,689 shares. Based on an average daily volume of 12,472,783 shares, the short-interest ratio is currently 3.9 days.

A number of large investors have recently modified their holdings of XLU. Valeo Financial Advisors LLC bought a new stake in Utilities SPDR during the third quarter valued at approximately $109,000. First Interstate Bank lifted its position in Utilities SPDR by 114.0% during the third quarter. First Interstate Bank now owns 2,140 shares of the exchange traded fund’s stock valued at $114,000 after purchasing an additional 1,140 shares during the last quarter. Captrust Financial Advisors bought a new stake in Utilities SPDR during the second quarter valued at approximately $120,000. D.A. Davidson & CO. lifted its position in Utilities SPDR by 9.6% during the second quarter. D.A. Davidson & CO. now owns 2,693 shares of the exchange traded fund’s stock valued at $139,000 after purchasing an additional 235 shares during the last quarter. Finally, WFG Advisors LP lifted its position in Utilities SPDR by 18.5% during the second quarter. WFG Advisors LP now owns 3,037 shares of the exchange traded fund’s stock valued at $158,000 after purchasing an additional 475 shares during the last quarter.

Utilities SPDR (XLU) opened at $50.26 on Monday. The company has a market cap of $7,170.00 and a P/E ratio of 15.91. Utilities SPDR has a 12 month low of $48.11 and a 12 month high of $57.23.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were paid a dividend of $0.5112 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $2.04 annualized dividend and a yield of 4.07%. This is a boost from Utilities SPDR’s previous quarterly dividend of $0.42. Utilities SPDR’s payout ratio is currently 55.38%.

COPYRIGHT VIOLATION NOTICE: This article was published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/15/short-interest-in-utilities-spdr-xlu-rises-by-9-2.html.

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.

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