Short Interest in Energy Select Sector SPDR (XLE) Expands By 15.6%

Energy Select Sector SPDR (NYSE:XLE) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 36,123,818 shares, a growth of 15.6% from the August 15th total of 31,249,667 shares. Based on an average daily volume of 11,948,153 shares, the days-to-cover ratio is currently 3.0 days.

Energy Select Sector SPDR (XLE) opened at 66.39 on Wednesday. The firm’s 50-day moving average price is $64.27 and its 200 day moving average price is $66.57. Energy Select Sector SPDR has a 12-month low of $61.80 and a 12-month high of $78.45.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be given a dividend of $0.8654 per share. The ex-dividend date is Friday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 5.21%. This is a positive change from Energy Select Sector SPDR’s previous quarterly dividend of $0.45.

Several institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. purchased a new stake in shares of Energy Select Sector SPDR during the second quarter worth $612,000. M Holdings Securities Inc. increased its position in shares of Energy Select Sector SPDR by 671.8% during the second quarter. M Holdings Securities Inc. now owns 30,478 shares of the exchange traded fund’s stock worth $1,979,000 after acquiring an additional 26,529 shares during the period. WFG Advisors LP increased its position in shares of Energy Select Sector SPDR by 5.2% during the second quarter. WFG Advisors LP now owns 11,043 shares of the exchange traded fund’s stock worth $717,000 after acquiring an additional 549 shares during the period. EP Wealth Advisors LLC increased its position in shares of Energy Select Sector SPDR by 14.5% during the second quarter. EP Wealth Advisors LLC now owns 3,590 shares of the exchange traded fund’s stock worth $233,000 after acquiring an additional 454 shares during the period. Finally, Advisory Services Network LLC increased its position in shares of Energy Select Sector SPDR by 15.5% during the second quarter. Advisory Services Network LLC now owns 9,420 shares of the exchange traded fund’s stock worth $612,000 after acquiring an additional 1,264 shares during the period.

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About Energy Select Sector SPDR

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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