Short Interest in Financial Select Sector SPDR Fund (XLF) Decreases By 8.6%
Financial Select Sector SPDR Fund (NYSE:XLF) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 88,630,324 shares, a drop of 8.6% from the October 14th total of 97,019,176 shares. Based on an average trading volume of 43,917,495 shares, the days-to-cover ratio is presently 2.0 days.
Financial Select Sector SPDR Fund (NYSE:XLF) opened at 22.16 on Friday. The company’s 50-day moving average is $19.93 and its 200 day moving average is $19.31. Financial Select Sector SPDR Fund has a 1-year low of $15.87 and a 1-year high of $22.33.
Separately, S&P Equity Research reissued an “overweight” rating on shares of Financial Select Sector SPDR Fund in a research note on Thursday, September 8th.
Financial Select Sector SPDR Fund Company Profile
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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