Financial Select Sector SPDR Fund (XLF) Short Interest Down 4.9% in August
Financial Select Sector SPDR Fund (NYSE:XLF) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 67,096,997 shares, a decrease of 4.9% from the August 15th total of 70,549,725 shares. Based on an average daily trading volume, of 28,871,574 shares, the days-to-cover ratio is currently 2.3 days.
Separately, S&P Equity Research reiterated an “overweight” rating on shares of Financial Select Sector SPDR Fund in a research report on Thursday, September 8th.
Financial Select Sector SPDR Fund (NYSE:XLF) opened at 23.62 on Monday. Financial Select Sector SPDR Fund has a 12 month low of $19.53 and a 12 month high of $24.97. The firm’s 50-day moving average is $24.03 and its 200-day moving average is $23.19.
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About Financial Select Sector SPDR Fund
Financial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Financial Select Sector Index (the Index). The Index includes companies from the following industries diversified financial services; insurance; commercial banks; capital markets; real estate investment trusts (REITs); consumer finance; thrifts and mortgage finance; and real estate management and development.
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