Short Interest in Financial Select Sector SPDR Fund (XLF) Rises By 7.8%

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of a significant growth in short interest in January. As of January 12th, there was short interest totalling 61,814,089 shares, a growth of 7.8% from the December 29th total of 57,322,297 shares. Based on an average trading volume of 51,091,076 shares, the short-interest ratio is currently 1.2 days.

Several institutional investors have recently bought and sold shares of XLF. Northern Trust Corp boosted its holdings in shares of Financial Select Sector SPDR Fund by 2.1% in the second quarter. Northern Trust Corp now owns 2,086,787 shares of the exchange traded fund’s stock valued at $51,481,000 after acquiring an additional 43,003 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Financial Select Sector SPDR Fund by 24.7% in the second quarter. Parametric Portfolio Associates LLC now owns 64,150 shares of the exchange traded fund’s stock valued at $1,583,000 after acquiring an additional 12,701 shares in the last quarter. Numeric Investors LLC bought a new position in shares of Financial Select Sector SPDR Fund in the second quarter valued at approximately $1,014,000. Balyasny Asset Management LLC lifted its stake in Financial Select Sector SPDR Fund by 106.0% during the second quarter. Balyasny Asset Management LLC now owns 30,000 shares of the exchange traded fund’s stock valued at $740,000 after purchasing an additional 530,000 shares during the last quarter. Finally, Aviance Capital Management LLC lifted its stake in Financial Select Sector SPDR Fund by 86.6% during the second quarter. Aviance Capital Management LLC now owns 1,190,678 shares of the exchange traded fund’s stock valued at $29,374,000 after purchasing an additional 552,423 shares during the last quarter.

Financial Select Sector SPDR Fund (NYSEARCA:XLF) opened at $30.05 on Tuesday. The stock has a market cap of $34,730.00 and a P/E ratio of -17.99. Financial Select Sector SPDR Fund has a 1-year low of $22.89 and a 1-year high of $30.33.

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About Financial Select Sector SPDR Fund

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.

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