Technology Select Sector SPDR Fund (NYSEARCA:XLK) was the recipient of a large growth in short interest in March. As of March 29th, there was short interest totalling 20,751,874 shares, a growth of 18.3% from the March 15th total of 17,538,169 shares. Based on an average daily volume of 17,534,688 shares, the short-interest ratio is currently 1.2 days.

A number of hedge funds have recently added to or reduced their stakes in XLK. Essex Savings Bank acquired a new stake in shares of Technology Select Sector SPDR Fund in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Technology Select Sector SPDR Fund in the 4th quarter valued at $32,000. Farmers & Merchants Investments Inc. increased its stake in shares of Technology Select Sector SPDR Fund by 58.7% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 541 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 200 shares during the period. Canton Hathaway LLC acquired a new stake in shares of Technology Select Sector SPDR Fund in the 1st quarter valued at $41,000. Finally, Signet Investment Advisory Group Inc. acquired a new stake in shares of Technology Select Sector SPDR Fund in the 4th quarter valued at $42,000.

XLK stock opened at $76.78 on Tuesday. Technology Select Sector SPDR Fund has a fifty-two week low of $57.57 and a fifty-two week high of $77.00.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 18th were issued a dividend of $0.2334 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.93 dividend on an annualized basis and a yield of 1.22%.

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Technology Select Sector SPDR Fund Company Profile

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.It utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index.

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