Short Interest in SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Expands By 99.6%

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 105,737 shares, an increase of 99.6% from the May 14th total of 52,966 shares. Based on an average trading volume of 42,985 shares, the short-interest ratio is presently 2.5 days. Currently, 0.7% of the company’s shares are short sold.

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

Institutional investors have recently modified their holdings of the stock. Quest 10 Wealth Builders Inc. increased its position in shares of SPDR SSGA US Sector Rotation ETF by 97.5% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 950 shares of the company’s stock worth $59,000 after acquiring an additional 469 shares during the period. Brown Lisle Cummings Inc. purchased a new position in SPDR SSGA US Sector Rotation ETF during the first quarter valued at approximately $89,000. Wells Fargo & Company MN increased its holdings in SPDR SSGA US Sector Rotation ETF by 236.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,463 shares of the company’s stock valued at $91,000 after buying an additional 1,028 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in SPDR SSGA US Sector Rotation ETF by 34.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,669 shares of the company’s stock valued at $92,000 after buying an additional 425 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in SPDR SSGA US Sector Rotation ETF by 11.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $119,000 after buying an additional 202 shares during the period.

SPDR SSGA US Sector Rotation ETF Trading Up 2.0%

Shares of NYSEARCA:XLSR traded up $1.31 during trading on Monday, reaching $65.93. The company’s stock had a trading volume of 43,109 shares, compared to its average volume of 68,082. SPDR SSGA US Sector Rotation ETF has a 12 month low of $52.78 and a 12 month high of $66.69. The firm’s 50 day simple moving average is $63.48 and its two-hundred day simple moving average is $62.13. The stock has a market capitalization of $981.70 million, a PE ratio of 22.41 and a beta of 0.96.

SPDR SSGA US Sector Rotation ETF Company Profile

The SPDR SSGA U.S. Sector Rotation ETF (XLSR) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed portfolio of companies classified within favorable sectors of the S&P 500. XLSR was launched on Apr 2, 2019 and is managed by State Street.