SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) Sees Significant Growth in Short Interest

SPDR SSGA US Sector Rotation ETF (NYSEARCA:XLSR) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 105,737 shares, a growth of 99.6% from the May 14th total of 52,966 shares. Based on an average trading volume of 42,985 shares, the short-interest ratio is currently 2.5 days. Approximately 0.7% of the shares of the company are sold short.

SPDR SSGA US Sector Rotation ETF Stock Up 0.5%

XLSR traded up $0.30 during trading on Friday, hitting $64.62. The company’s stock had a trading volume of 42,613 shares, compared to its average volume of 68,305. SPDR SSGA US Sector Rotation ETF has a one year low of $52.78 and a one year high of $66.69. The firm has a market cap of $962.19 million, a PE ratio of 22.41 and a beta of 0.96. The business’s 50 day simple moving average is $63.48 and its 200-day simple moving average is $62.12.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Midwest Financial Network LLC raised its position in SPDR SSGA US Sector Rotation ETF by 76.8% in the first quarter. Midwest Financial Network LLC now owns 63,200 shares of the company’s stock worth $3,649,000 after acquiring an additional 27,451 shares during the period. NewEdge Advisors LLC lifted its stake in shares of SPDR SSGA US Sector Rotation ETF by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 287,644 shares of the company’s stock valued at $16,609,000 after buying an additional 21,872 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of SPDR SSGA US Sector Rotation ETF during the 1st quarter valued at $384,000. Cetera Investment Advisers boosted its holdings in SPDR SSGA US Sector Rotation ETF by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 181,016 shares of the company’s stock worth $10,452,000 after buying an additional 16,652 shares during the period. Finally, Signature Equity Partners LLC purchased a new stake in SPDR SSGA US Sector Rotation ETF in the 1st quarter worth $169,000.

About SPDR SSGA US Sector Rotation ETF

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.