Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the target of a significant increase in short interest during the month of March. As of March 29th, there was short interest totalling 31,294,343 shares, an increase of 10.1% from the March 15th total of 28,436,046 shares. Based on an average daily volume of 11,461,636 shares, the short-interest ratio is presently 2.7 days.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Advisers LP lifted its holdings in shares of Industrial Select Sector SPDR Fund by 12.1% during the fourth quarter. Two Sigma Advisers LP now owns 2,819,500 shares of the exchange traded fund’s stock valued at $181,604,000 after purchasing an additional 304,300 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Industrial Select Sector SPDR Fund by 49.1% during the fourth quarter. BlackRock Inc. now owns 1,856,772 shares of the exchange traded fund’s stock valued at $119,594,000 after purchasing an additional 611,226 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Industrial Select Sector SPDR Fund by 7,092.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,698,509 shares of the exchange traded fund’s stock valued at $1,656,739,000 after purchasing an additional 1,674,893 shares during the last quarter. Lockheed Martin Investment Management Co. lifted its holdings in shares of Industrial Select Sector SPDR Fund by 6.8% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 1,116,590 shares of the exchange traded fund’s stock valued at $71,920,000 after purchasing an additional 71,200 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Industrial Select Sector SPDR Fund during the fourth quarter valued at $42,929,000.

Shares of NYSEARCA XLI opened at $76.85 on Tuesday. Industrial Select Sector SPDR Fund has a 12 month low of $59.92 and a 12 month high of $80.41.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 18th were issued a dividend of $0.4277 per share. This represents a $1.71 annualized dividend and a dividend yield of 2.23%. This is an increase from Industrial Select Sector SPDR Fund’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, March 15th.

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Industrial Select Sector SPDR Fund Company Profile

Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.

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