Financial Select Sector SPDR Fund (XLF) Short Interest Down 23.7% in January

Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 47,156,318 shares, a drop of 23.7% from the January 12th total of 61,814,089 shares. Based on an average daily volume of 53,610,440 shares, the days-to-cover ratio is currently 0.9 days.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Financial Select Sector SPDR Fund by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,405,790 shares of the exchange traded fund’s stock valued at $422,285,000 after acquiring an additional 3,037,294 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in Financial Select Sector SPDR Fund by 1.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 13,099,999 shares of the exchange traded fund’s stock valued at $338,839,000 after acquiring an additional 154,470 shares in the last quarter. Swan Global Investments LLC grew its stake in Financial Select Sector SPDR Fund by 6.1% during the 3rd quarter. Swan Global Investments LLC now owns 13,046,310 shares of the exchange traded fund’s stock valued at $335,812,000 after acquiring an additional 750,020 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Financial Select Sector SPDR Fund by 105,754.8% in the 3rd quarter. Schroder Investment Management Group now owns 7,568,616 shares of the exchange traded fund’s stock valued at $194,816,000 after buying an additional 7,561,466 shares in the last quarter. Finally, Pinnacle Advisory Group Inc. grew its stake in shares of Financial Select Sector SPDR Fund by 41.6% in the 3rd quarter. Pinnacle Advisory Group Inc. now owns 6,267,231 shares of the exchange traded fund’s stock valued at $162,071,000 after buying an additional 1,840,000 shares in the last quarter.

Financial Select Sector SPDR Fund (NYSEARCA XLF) opened at $28.07 on Tuesday. Financial Select Sector SPDR Fund has a 12 month low of $22.00 and a 12 month high of $30.33. The firm has a market capitalization of $32,980.00 and a PE ratio of -16.81.

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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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