Financial Select Sector SPDR Fund (NYSEARCA:XLF) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 47,156,318 shares, a decline of 23.7% from the January 12th total of 61,814,089 shares. Based on an average daily trading volume, of 53,610,440 shares, the days-to-cover ratio is presently 0.9 days.

Shares of Financial Select Sector SPDR Fund (NYSEARCA:XLF) opened at $28.07 on Tuesday. The company has a market capitalization of $32,980.00 and a P/E ratio of -16.81. Financial Select Sector SPDR Fund has a 12 month low of $22.00 and a 12 month high of $30.33.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group lifted its holdings in Financial Select Sector SPDR Fund by 105,754.8% in the 3rd quarter. Schroder Investment Management Group now owns 7,568,616 shares of the exchange traded fund’s stock worth $194,816,000 after purchasing an additional 7,561,466 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Financial Select Sector SPDR Fund by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,405,790 shares of the exchange traded fund’s stock worth $422,285,000 after purchasing an additional 3,037,294 shares during the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter worth approximately $62,618,000. Timber Hill LLC acquired a new stake in Financial Select Sector SPDR Fund in the 4th quarter worth approximately $56,762,000. Finally, Pinnacle Advisory Group Inc. lifted its holdings in Financial Select Sector SPDR Fund by 41.6% in the 3rd quarter. Pinnacle Advisory Group Inc. now owns 6,267,231 shares of the exchange traded fund’s stock worth $162,071,000 after purchasing an additional 1,840,000 shares during the last quarter.

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About Financial Select Sector SPDR Fund

The Fund seeks to provide investors with a low-cost passive approach for investing in a portfolio of equity securities of firms as represented by the Financial Select Sector Index.

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