SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Stock Short Interest Jumps 56.7%

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 37,893 shares, a growth of 56.7% from the September 15th total of 24,178 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 50,583 shares, the days-to-cover ratio is presently 0.7 days.

SPDR SSGA US Sector Rotation ETF Stock Performance

SPDR SSGA US Sector Rotation ETF stock traded down $0.16 during midday trading on Friday, reaching $67.06. The stock had a trading volume of 13,537 shares, compared to its average volume of 60,913. SPDR SSGA US Sector Rotation ETF has a 1-year low of $55.71 and a 1-year high of $67.86. The stock has a market capitalization of $1.09 billion, a P/E ratio of 22.41 and a beta of 0.96. The firm’s fifty day simple moving average is $66.49 and its 200-day simple moving average is $64.72.

Institutional Investors Weigh In On SPDR SSGA US Sector Rotation ETF

Large investors have recently made changes to their positions in the stock. Kraft Davis & Associates LLC boosted its holdings in SPDR SSGA US Sector Rotation ETF by 1.0% during the second quarter. Kraft Davis & Associates LLC now owns 16,123 shares of the company’s stock worth $1,039,000 after purchasing an additional 165 shares during the last quarter. J2 Capital Management Inc increased its stake in SPDR SSGA US Sector Rotation ETF by 3.3% in the 1st quarter. J2 Capital Management Inc now owns 6,552 shares of the company’s stock valued at $378,000 after buying an additional 207 shares during the last quarter. Triumph Capital Management increased its stake in SPDR SSGA US Sector Rotation ETF by 1.8% in the 3rd quarter. Triumph Capital Management now owns 11,661 shares of the company’s stock valued at $774,000 after buying an additional 210 shares during the last quarter. Farther Finance Advisors LLC increased its stake in SPDR SSGA US Sector Rotation ETF by 11.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,217 shares of the company’s stock valued at $147,000 after buying an additional 221 shares during the last quarter. Finally, Capital Asset Advisory Services LLC increased its stake in SPDR SSGA US Sector Rotation ETF by 4.9% in the 1st quarter. Capital Asset Advisory Services LLC now owns 10,514 shares of the company’s stock valued at $652,000 after buying an additional 491 shares during 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.