SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Stock Short Interest Drops 71.1%

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 10,944 shares, a decline of 71.1% from the September 30th total of 37,893 shares. Based on an average daily trading volume, of 74,103 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XLSR. IFP Advisors Inc purchased a new position in SPDR SSGA US Sector Rotation ETF in the 2nd quarter valued at about $131,000. Brown Lisle Cummings Inc. boosted its holdings in SPDR SSGA US Sector Rotation ETF by 45.8% in the second quarter. Brown Lisle Cummings Inc. now owns 2,239 shares of the company’s stock valued at $145,000 after purchasing an additional 703 shares during the last quarter. Farther Finance Advisors LLC grew its stake in SPDR SSGA US Sector Rotation ETF by 11.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,217 shares of the company’s stock valued at $147,000 after purchasing an additional 221 shares in the last quarter. Signature Equity Partners LLC purchased a new stake in SPDR SSGA US Sector Rotation ETF during the 1st quarter worth approximately $169,000. Finally, Adamsbrown Wealth Consultants LLC acquired a new position in shares of SPDR SSGA US Sector Rotation ETF in the 2nd quarter valued at approximately $251,000.

SPDR SSGA US Sector Rotation ETF Stock Down 0.8%

Shares of SPDR SSGA US Sector Rotation ETF stock traded down $0.54 during trading hours on Thursday, hitting $66.33. The company’s stock had a trading volume of 61,511 shares, compared to its average volume of 61,496. The business has a fifty day moving average of $66.47 and a 200 day moving average of $63.80. SPDR SSGA US Sector Rotation ETF has a 1-year low of $55.71 and a 1-year high of $67.86. The company has a market capitalization of $1.08 billion, a PE ratio of 22.41 and a beta of 0.96.

SPDR SSGA US Sector Rotation ETF Company Profile

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.