Short Interest in Energy Select Sector SPDR Fund (NYSEARCA:XLE) Increases By 84.7%

Energy Select Sector SPDR Fund (NYSEARCA:XLE) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 76,576,037 shares, a growth of 84.7% from the November 30th total of 41,463,714 shares. Based on an average daily trading volume, of 27,469,766 shares, the days-to-cover ratio is presently 2.8 days. Currently, 12.8% of the shares of the stock are short sold. Currently, 12.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,469,766 shares, the days-to-cover ratio is presently 2.8 days.

Energy Select Sector SPDR Fund Trading Down 0.4%

XLE stock opened at $44.20 on Friday. The firm has a 50 day moving average of $44.72 and a 200-day moving average of $44.07. The company has a market cap of $26.38 billion, a price-to-earnings ratio of 15.59 and a beta of 0.77. Energy Select Sector SPDR Fund has a 12-month low of $37.24 and a 12-month high of $47.41.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XLE. Kingstone Capital Partners Texas LLC grew its stake in Energy Select Sector SPDR Fund by 547,621.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 223,048,647 shares of the exchange traded fund’s stock valued at $19,435,626,000 after acquiring an additional 223,007,924 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Energy Select Sector SPDR Fund by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 9,868,997 shares of the exchange traded fund’s stock valued at $881,696,000 after purchasing an additional 564,058 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its position in shares of Energy Select Sector SPDR Fund by 22.9% in the third quarter. Menora Mivtachim Holdings LTD. now owns 3,610,100 shares of the exchange traded fund’s stock valued at $322,526,000 after purchasing an additional 673,700 shares during the last quarter. Hamilton Capital LLC increased its stake in shares of Energy Select Sector SPDR Fund by 5.9% during the 2nd quarter. Hamilton Capital LLC now owns 3,547,173 shares of the exchange traded fund’s stock worth $300,836,000 after purchasing an additional 197,154 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Energy Select Sector SPDR Fund by 16.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,294,493 shares of the exchange traded fund’s stock worth $279,420,000 after purchasing an additional 464,816 shares in the last quarter.

About Energy Select Sector SPDR Fund

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services. The Fund’s investment advisor is SSgA Funds Management, Inc