Real Estate Select Sector SPDR Fund (XLRE) Sees Large Decline in Short Interest

Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 2,055,692 shares, a drop of 33.3% from the February 28th total of 3,081,921 shares. Based on an average daily volume of 4,707,805 shares, the days-to-cover ratio is currently 0.4 days.

Real Estate Select Sector SPDR Fund stock traded up $0.24 during mid-day trading on Friday, reaching $35.99. 2,516,533 shares of the company’s stock were exchanged, compared to its average volume of 4,655,577. Real Estate Select Sector SPDR Fund has a one year low of $29.52 and a one year high of $36.71.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in Real Estate Select Sector SPDR Fund by 101.5% during the fourth quarter. BlackRock Inc. now owns 7,719,283 shares of the company’s stock worth $239,296,000 after buying an additional 3,888,579 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Real Estate Select Sector SPDR Fund during the fourth quarter worth about $10,345,000. LPL Financial LLC grew its position in Real Estate Select Sector SPDR Fund by 193.7% during the fourth quarter. LPL Financial LLC now owns 436,135 shares of the company’s stock worth $13,520,000 after buying an additional 287,639 shares in the last quarter. Venturi Wealth Management LLC grew its position in Real Estate Select Sector SPDR Fund by 1,535.8% during the fourth quarter. Venturi Wealth Management LLC now owns 248,719 shares of the company’s stock worth $7,569,000 after buying an additional 233,514 shares in the last quarter. Finally, Cavalier Investments LLC grew its position in Real Estate Select Sector SPDR Fund by 54.2% during the fourth quarter. Cavalier Investments LLC now owns 639,914 shares of the company’s stock worth $19,837,000 after buying an additional 224,864 shares in the last quarter.

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See Also: Preferred Stock

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