Short Interest in Financial Select Sector SPDR Fund (NYSE:XLF) Drops By 3.3%

Financial Select Sector SPDR Fund (NYSE:XLF) was the recipient of a large drop in short interest in July. As of July 14th, there was short interest totalling 81,805,326 shares, a drop of 3.3% from the June 30th total of 84,579,809 shares. Based on an average daily volume of 62,295,245 shares, the days-to-cover ratio is presently 1.3 days.

Several large investors have recently made changes to their positions in XLF. WFG Advisors LP increased its stake in shares of Financial Select Sector SPDR Fund by 7.0% in the second quarter. WFG Advisors LP now owns 28,328 shares of the exchange traded fund’s stock valued at $699,000 after buying an additional 1,847 shares in the last quarter. Blockhouse Capital Management LP bought a new stake in shares of Financial Select Sector SPDR Fund during the second quarter valued at approximately $3,977,000. Cetera Investment Advisers increased its stake in shares of Financial Select Sector SPDR Fund by 18.7% in the second quarter. Cetera Investment Advisers now owns 34,523 shares of the exchange traded fund’s stock valued at $850,000 after buying an additional 5,437 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of Financial Select Sector SPDR Fund by 11.2% in the second quarter. EP Wealth Advisors LLC now owns 23,354 shares of the exchange traded fund’s stock valued at $576,000 after buying an additional 2,355 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Financial Select Sector SPDR Fund by 71.5% in the second quarter. Advisory Services Network LLC now owns 65,832 shares of the exchange traded fund’s stock valued at $1,624,000 after buying an additional 27,439 shares in the last quarter.

Financial Select Sector SPDR Fund (NYSE XLF) traded up 0.04% during mid-day trading on Friday, reaching $24.62. The company had a trading volume of 71,725,883 shares. Financial Select Sector SPDR Fund has a 12 month low of $18.94 and a 12 month high of $25.59. The stock’s 50-day moving average is $24.99 and its 200 day moving average is $24.18.

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Financial Select Sector SPDR Fund Company Profile

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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