Health Care Select Sector SPDR Fund (NYSEARCA:XLV) Sees Significant Drop in Short Interest

Health Care Select Sector SPDR Fund (NYSEARCA:XLV) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 13,529,552 shares, a drop of 18.0% from the November 30th total of 16,491,490 shares. Based on an average daily volume of 13,579,574 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.3% of the shares of the company are short sold. Currently, 5.3% of the shares of the company are short sold. Based on an average daily volume of 13,579,574 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XLV. Advisors Management Group Inc. ADV increased its stake in Health Care Select Sector SPDR Fund by 3.3% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 12,634 shares of the exchange traded fund’s stock valued at $1,758,000 after buying an additional 408 shares during the period. CTC Alternative Strategies Ltd. bought a new position in shares of Health Care Select Sector SPDR Fund in the third quarter valued at approximately $3,055,000. SSA Swiss Advisors AG boosted its holdings in shares of Health Care Select Sector SPDR Fund by 32.1% in the third quarter. SSA Swiss Advisors AG now owns 5,508 shares of the exchange traded fund’s stock valued at $767,000 after acquiring an additional 1,338 shares in the last quarter. Private Wealth Advisors LLC increased its stake in shares of Health Care Select Sector SPDR Fund by 38.3% during the third quarter. Private Wealth Advisors LLC now owns 35,808 shares of the exchange traded fund’s stock valued at $4,983,000 after acquiring an additional 9,925 shares during the period. Finally, PCG Asset Management LLC increased its stake in shares of Health Care Select Sector SPDR Fund by 0.8% during the third quarter. PCG Asset Management LLC now owns 19,986 shares of the exchange traded fund’s stock valued at $2,781,000 after acquiring an additional 150 shares during the period.

Health Care Select Sector SPDR Fund Price Performance

Shares of NYSEARCA XLV traded down $0.39 during midday trading on Wednesday, hitting $155.29. 2,448,954 shares of the company’s stock were exchanged, compared to its average volume of 11,718,402. Health Care Select Sector SPDR Fund has a twelve month low of $127.35 and a twelve month high of $158.95. The firm has a market cap of $39.30 billion, a P/E ratio of 21.15 and a beta of 0.63. The stock’s 50 day moving average price is $151.83 and its 200-day moving average price is $141.89.

Health Care Select Sector SPDR Fund Company Profile

Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500). The Health Care Select Sector Index includes companies from the industries, such as pharmaceuticals, healthcare providers and services, healthcare equipment and supplies, biotechnology, life sciences tools and services, and healthcare technology.