Energy Select Sector SPDR Fund (XLE) Sees Large Growth in Short Interest

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Energy Select Sector SPDR Fund (NYSEARCA:XLE) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 25,105,126 shares, an increase of 22.8% from the September 28th total of 20,440,729 shares. Based on an average daily trading volume, of 17,105,885 shares, the days-to-cover ratio is currently 1.5 days.

Several hedge funds have recently made changes to their positions in the company. Usca Ria LLC grew its position in shares of Energy Select Sector SPDR Fund by 10.9% during the 2nd quarter. Usca Ria LLC now owns 6,746 shares of the exchange traded fund’s stock worth $512,000 after buying an additional 665 shares during the period. Zacks Investment Management grew its position in shares of Energy Select Sector SPDR Fund by 13.4% during the 2nd quarter. Zacks Investment Management now owns 5,935 shares of the exchange traded fund’s stock worth $451,000 after buying an additional 701 shares during the period. Mutual Advisors LLC grew its position in shares of Energy Select Sector SPDR Fund by 5.8% during the 2nd quarter. Mutual Advisors LLC now owns 12,709 shares of the exchange traded fund’s stock worth $965,000 after buying an additional 702 shares during the period. Windsor Capital Management LLC grew its position in shares of Energy Select Sector SPDR Fund by 3.3% during the 2nd quarter. Windsor Capital Management LLC now owns 22,841 shares of the exchange traded fund’s stock worth $1,733,000 after buying an additional 719 shares during the period. Finally, GWM Advisors LLC grew its position in shares of Energy Select Sector SPDR Fund by 22.5% during the 2nd quarter. GWM Advisors LLC now owns 3,938 shares of the exchange traded fund’s stock worth $295,000 after buying an additional 723 shares during the period.

Shares of XLE stock opened at $66.75 on Wednesday. Energy Select Sector SPDR Fund has a 52 week low of $64.37 and a 52 week high of $79.42.

About Energy Select Sector SPDR Fund

Energy Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Energy Select Sector Index (the Index). The Index includes companies from the following industries oil, gas and consumable fuels, and energy equipment and services.

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