SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Shares Shorted: Short Interest Up 56.7% in September

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in SPDR SSGA US Sector Rotation ETF by 6.9% during the second quarter. NewEdge Advisors LLC now owns 307,442 shares of the company’s stock worth $19,941,000 after buying an additional 19,798 shares during the last quarter. Raleigh Capital Management Inc. increased its position in SPDR SSGA US Sector Rotation ETF by 15.7% in the first quarter. Raleigh Capital Management Inc. now owns 150,213 shares of the company’s stock worth $8,673,000 after purchasing an additional 20,330 shares during the period. SMART Wealth LLC acquired a new stake in shares of SPDR SSGA US Sector Rotation ETF during the 2nd quarter worth approximately $7,094,000. Envestnet Portfolio Solutions Inc. grew its holdings in SPDR SSGA US Sector Rotation ETF by 8.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,435,953 shares of the company’s stock worth $157,996,000 after acquiring an additional 191,092 shares during the period. Finally, Spinnaker Investment Group LLC bought a new stake in SPDR SSGA US Sector Rotation ETF in the second quarter valued at about $886,000.

SPDR SSGA US Sector Rotation ETF Price Performance

Shares of NYSEARCA XLSR traded down $0.16 during trading hours on Friday, hitting $67.06. 13,537 shares of the company’s stock were exchanged, 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 price-to-earnings ratio of 22.41 and a beta of 0.96. The company’s 50-day moving average price is $66.49 and its 200-day moving average price is $64.72.

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.