Short Interest in Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) Drops By 16.5%

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 7,279,257 shares, a decrease of 16.5% from the February 12th total of 8,721,805 shares. Currently, 4.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,162,302 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 9,162,302 shares, the short-interest ratio is presently 0.8 days. Currently, 4.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Real Estate Select Sector SPDR Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in Real Estate Select Sector SPDR Fund during the 4th quarter valued at $25,000. Bayban acquired a new position in shares of Real Estate Select Sector SPDR Fund during the 4th quarter valued at $27,000. Ameriflex Group Inc. raised its stake in shares of Real Estate Select Sector SPDR Fund by 109.2% in the 4th quarter. Ameriflex Group Inc. now owns 657 shares of the company’s stock worth $27,000 after buying an additional 343 shares in the last quarter. Ankerstar Wealth LLC acquired a new stake in shares of Real Estate Select Sector SPDR Fund in the fourth quarter valued at $28,000. Finally, Mather Group LLC. bought a new position in Real Estate Select Sector SPDR Fund during the third quarter valued at about $29,000.

Real Estate Select Sector SPDR Fund Stock Down 1.0%

Real Estate Select Sector SPDR Fund stock traded down $0.43 during trading hours on Wednesday, hitting $42.29. 4,143,401 shares of the company traded hands, compared to its average volume of 9,583,636. Real Estate Select Sector SPDR Fund has a 1-year low of $35.76 and a 1-year high of $44.07. The firm has a market cap of $7.35 billion, a P/E ratio of 39.18 and a beta of 1.00. The firm’s 50-day simple moving average is $42.27 and its two-hundred day simple moving average is $41.65.

Real Estate Select Sector SPDR Fund Company Profile

The Real Estate Select Sector SPDR Fund (XLRE) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index, a market-cap-weighted index of REITs and real estate stocks, excluding mortgage REITs, from the S&P 500. XLRE was launched on Oct 7, 2015 and is managed by State Street.