SPDR S&P Regional Banking ETF (KRE) Short Interest Update

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SPDR S&P Regional Banking ETF (NYSEARCA:KRE) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 29,522,324 shares, a drop of 13.7% from the March 29th total of 34,193,675 shares. Based on an average daily trading volume, of 8,951,575 shares, the short-interest ratio is currently 3.3 days.

Several hedge funds have recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC raised its holdings in SPDR S&P Regional Banking ETF by 3.4% in the 4th quarter. Greenwich Wealth Management LLC now owns 6,736 shares of the exchange traded fund’s stock worth $315,000 after purchasing an additional 223 shares during the period. Occidental Asset Management LLC raised its holdings in SPDR S&P Regional Banking ETF by 0.7% in the 4th quarter. Occidental Asset Management LLC now owns 33,310 shares of the exchange traded fund’s stock worth $1,559,000 after purchasing an additional 232 shares during the period. KMG Fiduciary Partners LLC raised its holdings in SPDR S&P Regional Banking ETF by 2.1% in the 1st quarter. KMG Fiduciary Partners LLC now owns 15,205 shares of the exchange traded fund’s stock worth $781,000 after purchasing an additional 310 shares during the period. Calton & Associates Inc. raised its holdings in SPDR S&P Regional Banking ETF by 1.8% in the 1st quarter. Calton & Associates Inc. now owns 19,855 shares of the exchange traded fund’s stock worth $1,019,000 after purchasing an additional 356 shares during the period. Finally, Altfest L J & Co. Inc. raised its holdings in SPDR S&P Regional Banking ETF by 3.0% in the 1st quarter. Altfest L J & Co. Inc. now owns 16,806 shares of the exchange traded fund’s stock worth $768,000 after purchasing an additional 489 shares during the period.

KRE stock opened at $56.64 on Friday. SPDR S&P Regional Banking ETF has a 1 year low of $43.95 and a 1 year high of $66.04.

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About SPDR S&P Regional Banking ETF

SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.

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