Financial Select Sector SPDR Fund (NYSE:XLF) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 69,048,127 shares, a drop of 15.6% from the July 14th total of 81,806,726 shares. Based on an average daily volume of 50,147,137 shares, the days-to-cover ratio is currently 1.4 days.

Financial Select Sector SPDR Fund (XLF) opened at 25.07 on Tuesday. The firm has a 50 day moving average price of $24.93 and a 200 day moving average price of $24.15. Financial Select Sector SPDR Fund has a 52 week low of $18.94 and a 52 week high of $25.59.

Several hedge funds have recently made changes to their positions in the company. Cypress Asset Management Inc. TX boosted its stake in shares of Financial Select Sector SPDR Fund by 1.3% in the second quarter. Cypress Asset Management Inc. TX now owns 74,510 shares of the exchange traded fund’s stock worth $1,838,000 after buying an additional 930 shares during the last quarter. Puplava Financial Services Inc. bought a new stake in shares of Financial Select Sector SPDR Fund during the second quarter worth $491,000. Mutual of Omaha Bank Wealth Management bought a new stake in shares of Financial Select Sector SPDR Fund during the second quarter worth $4,236,000. Appropriate Balance Financial Services Inc. boosted its stake in shares of Financial Select Sector SPDR Fund by 3.1% in the second quarter. Appropriate Balance Financial Services Inc. now owns 11,235 shares of the exchange traded fund’s stock worth $455,414,000 after buying an additional 333 shares during the last quarter. Finally, Cue Financial Group Inc. boosted its stake in shares of Financial Select Sector SPDR Fund by 71.7% in the second quarter. Cue Financial Group Inc. now owns 69,567 shares of the exchange traded fund’s stock worth $1,716,000 after buying an additional 29,042 shares during the last quarter.

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About Financial Select Sector SPDR Fund

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.

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