SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Short Interest Up 19.8% in March

SPDR S&P Homebuilders ETF (NYSEARCA:XHB) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 6,019,662 shares, an increase of 19.8% from the March 15th total of 5,025,323 shares. Approximately 40.8% of the company’s stock are sold short. Based on an average daily trading volume, of 2,151,604 shares, the days-to-cover ratio is currently 2.8 days.

SPDR S&P Homebuilders ETF Stock Performance

NYSEARCA:XHB opened at $107.25 on Friday. The company has a market cap of $1.52 billion, a PE ratio of 11.47 and a beta of 1.35. SPDR S&P Homebuilders ETF has a 52-week low of $87.89 and a 52-week high of $123.13. The stock has a 50-day simple moving average of $107.01 and a 200 day simple moving average of $107.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XHB. Barclays PLC boosted its position in SPDR S&P Homebuilders ETF by 933.7% during the third quarter. Barclays PLC now owns 871,789 shares of the exchange traded fund’s stock valued at $96,594,000 after purchasing an additional 787,454 shares during the last quarter. BNP Paribas Financial Markets boosted its position in SPDR S&P Homebuilders ETF by 529.7% during the third quarter. BNP Paribas Financial Markets now owns 720,762 shares of the exchange traded fund’s stock valued at $79,860,000 after purchasing an additional 606,305 shares during the last quarter. Moore Capital Management LP acquired a new position in SPDR S&P Homebuilders ETF during the third quarter valued at approximately $49,513,000. Annex Advisory Services LLC acquired a new position in SPDR S&P Homebuilders ETF during the third quarter valued at approximately $45,309,000. Finally, Soros Fund Management LLC acquired a new position in SPDR S&P Homebuilders ETF during the fourth quarter valued at approximately $20,858,000.

About SPDR S&P Homebuilders ETF

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.