SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Large Decrease in Short Interest

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 41,658 shares, a decrease of 60.6% from the May 31st total of 105,737 shares. Based on an average daily trading volume, of 121,349 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

SPDR SSGA US Sector Rotation ETF Stock Up 1.7%

XLSR traded up $1.09 during trading on Monday, reaching $64.08. The company had a trading volume of 40,873 shares, compared to its average volume of 67,957. The business has a 50 day simple moving average of $64.46 and a 200-day simple moving average of $62.27. The stock has a market cap of $954.15 million, a P/E ratio of 22.41 and a beta of 0.96. SPDR SSGA US Sector Rotation ETF has a 52 week low of $54.64 and a 52 week high of $66.69.

Institutional Trading of SPDR SSGA US Sector Rotation ETF

Large investors have recently made changes to their positions in the stock. Quest 10 Wealth Builders Inc. lifted its holdings in SPDR SSGA US Sector Rotation ETF by 97.5% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 950 shares of the company’s stock valued at $59,000 after buying an additional 469 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in SPDR SSGA US Sector Rotation ETF in the 1st quarter worth about $89,000. Wells Fargo & Company MN increased its position in shares of 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 worth $91,000 after acquiring an additional 1,028 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 worth $92,000 after acquiring an additional 425 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 202 shares in the last quarter.

About SPDR SSGA US Sector Rotation ETF

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.