SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Large Decline 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. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 121,349 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On SPDR SSGA US Sector Rotation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest 10 Wealth Builders Inc. increased its stake 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 purchasing an additional 469 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in SPDR SSGA US Sector Rotation ETF during the 1st quarter valued at about $89,000. Wells Fargo & Company MN lifted its stake in SPDR SSGA US Sector Rotation ETF by 236.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,463 shares of the company’s stock worth $91,000 after purchasing an additional 1,028 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SPDR SSGA US Sector Rotation ETF by 34.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,669 shares of the company’s stock valued at $92,000 after purchasing an additional 425 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position 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 worth $119,000 after buying an additional 202 shares in the last quarter.

SPDR SSGA US Sector Rotation ETF Stock Up 1.2%

Shares of SPDR SSGA US Sector Rotation ETF stock traded up $0.80 on Tuesday, reaching $64.86. The company’s stock had a trading volume of 56,377 shares, compared to its average volume of 67,906. The company has a market capitalization of $965.77 million, a P/E ratio of 22.41 and a beta of 0.96. The stock has a 50-day moving average price of $64.50 and a 200-day moving average price of $62.28. SPDR SSGA US Sector Rotation ETF has a 52-week low of $54.67 and a 52-week high of $66.69.

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.