The Industrial Select Sector SPDR Fund (NYSE:XLI) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 23,499,707 shares, a drop of 16.6% from the August 31st total of 28,179,714 shares. Based on an average trading volume of 11,018,340 shares, the days-to-cover ratio is currently 2.1 days.

Institutional investors have recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC lifted its holdings in The Industrial Select Sector SPDR Fund by 37.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,994 shares of the exchange traded fund’s stock valued at $137,000 after acquiring an additional 538 shares during the period. U S Global Investors Inc. purchased a new position in The Industrial Select Sector SPDR Fund in the second quarter worth about $157,000. San Francisco Sentry Investment Group CA purchased a new position in The Industrial Select Sector SPDR Fund in the second quarter worth about $195,000. Family Firm Inc. purchased a new position in The Industrial Select Sector SPDR Fund in the second quarter worth about $202,000. Finally, WBI Investments Inc. purchased a new position in The Industrial Select Sector SPDR Fund in the second quarter worth about $203,000.

Shares of The Industrial Select Sector SPDR Fund (NYSE:XLI) opened at 71.00 on Monday. The company has a 50-day moving average price of $68.34 and a 200-day moving average price of $67.24. The Industrial Select Sector SPDR Fund has a 52 week low of $56.27 and a 52 week high of $71.11.

The company also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 18th were paid a $0.3159 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.78%.

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About The Industrial Select Sector SPDR Fund

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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