Utilities SPDR (NYSE:XLU) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 48,816,044 shares, a decrease of 8.8% from the July 14th total of 53,537,439 shares. Based on an average daily volume of 9,525,257 shares, the days-to-cover ratio is currently 5.1 days.

Utilities SPDR (XLU) opened at 54.05 on Tuesday. The firm has a 50-day moving average of $52.78 and a 200 day moving average of $51.91. Utilities SPDR has a one year low of $45.33 and a one year high of $54.63.

Hedge funds have recently added to or reduced their stakes in the stock. Mizuho Trust & Banking Co. Ltd. increased its stake in Utilities SPDR by 820.0% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 920,000 shares of the exchange traded fund’s stock valued at $47,803,000 after buying an additional 820,000 shares during the last quarter. BlueCrest Capital Management Ltd increased its stake in Utilities SPDR by 1,107.6% in the second quarter. BlueCrest Capital Management Ltd now owns 337,323 shares of the exchange traded fund’s stock valued at $17,527,000 after buying an additional 309,390 shares during the last quarter. Wechter Feldman Wealth Management Inc. purchased a new stake in Utilities SPDR during the second quarter valued at $9,815,000. Florin Court Capital LLP increased its stake in Utilities SPDR by 123.3% in the second quarter. Florin Court Capital LLP now owns 259,700 shares of the exchange traded fund’s stock valued at $13,494,000 after buying an additional 143,400 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Utilities SPDR by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 296,741 shares of the exchange traded fund’s stock valued at $15,407,000 after buying an additional 120,125 shares during the last quarter.

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About Utilities SPDR

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as electric utilities, multi-utilities, independent power producers and energy traders, and gas utilities.

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