SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Significant Growth in Short Interest

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 105,737 shares, a growth of 99.6% from the May 14th total of 52,966 shares. Based on an average daily trading volume, of 42,985 shares, the short-interest ratio is presently 2.5 days. Approximately 0.7% of the shares of the stock are sold short.

SPDR SSGA US Sector Rotation ETF Stock Up 0.5%

XLSR stock traded up $0.30 during trading on Friday, reaching $64.62. The company’s stock had a trading volume of 42,613 shares, compared to its average volume of 68,305. SPDR SSGA US Sector Rotation ETF has a 1 year low of $52.78 and a 1 year high of $66.69. The company’s fifty day moving average is $63.48 and its 200-day moving average is $62.12. The company has a market capitalization of $962.19 million, a P/E ratio of 22.41 and a beta of 0.96.

Institutional Trading of SPDR SSGA US Sector Rotation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest 10 Wealth Builders Inc. raised its position in shares of SPDR SSGA US Sector Rotation ETF by 97.5% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 950 shares of the company’s stock valued at $59,000 after buying an additional 469 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of SPDR SSGA US Sector Rotation ETF during the first quarter valued at approximately $89,000. Wells Fargo & Company MN raised its position in shares of SPDR SSGA US Sector Rotation ETF by 236.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,463 shares of the company’s stock valued at $91,000 after buying an additional 1,028 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of SPDR SSGA US Sector Rotation ETF by 34.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,669 shares of the company’s stock valued at $92,000 after buying an additional 425 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in SPDR SSGA US Sector Rotation ETF by 11.8% during the fourth quarter. Farther Finance Advisors LLC now owns 1,916 shares of the company’s stock valued at $119,000 after acquiring an additional 202 shares in the last quarter.

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.