Utilities SPDR (ETF) (XLU) Short Interest Down 14.7% in October
Utilities SPDR (ETF) (NYSE:XLU) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 49,825,836 shares, a drop of 14.7% from the October 14th total of 58,399,082 shares. Based on an average daily volume of 13,454,958 shares, the days-to-cover ratio is currently 3.7 days.
Shares of Utilities SPDR (NYSE:XLU) opened at 46.29 on Friday. The stock has a 50 day moving average of $48.27 and a 200-day moving average of $49.75. Utilities SPDR has a one year low of $41.50 and a one year high of $53.02.
About Utilities SPDR (ETF)
Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities.
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