Health Care SPDR (NYSE:XLV) was the recipient of a large decline in short interest in the month of September. As of September 29th, there was short interest totalling 21,724,067 shares, a decline of 15.2% from the September 15th total of 25,624,333 shares. Based on an average trading volume of 6,475,068 shares, the short-interest ratio is presently 3.4 days.
Hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC boosted its holdings in Health Care SPDR by 38.6% in the second quarter. Ballentine Partners LLC now owns 1,576 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 439 shares during the period. Pinnacle Financial Partners Inc. acquired a new position in Health Care SPDR in the second quarter worth $134,000. Jag Capital Management LLC acquired a new position in Health Care SPDR in the second quarter worth $203,000. Brighton Jones LLC acquired a new position in Health Care SPDR in the second quarter worth $212,000. Finally, GFS Advisors LLC acquired a new position in Health Care SPDR in the second quarter worth $221,000.
Shares of Health Care SPDR (NYSE XLV) opened at 82.06 on Tuesday. Health Care SPDR has a 52 week low of $65.96 and a 52 week high of $83.41. The firm has a 50-day moving average of $81.96 and a 200 day moving average of $78.52.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Shareholders of record on Monday, September 18th were given a $0.3048 dividend. This represents a $1.22 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, September 15th.
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Health Care SPDR Company Profile
Health Care Select Sector SPDR Fund (the Fund) seeks to closely match the returns and characteristics of the S&P Health Care Select Sector Index (the Index). The companies included in the Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor’s 500 Composite Stock Index (S&P 500).
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