Financial Select Sector SPDR Fund (NYSEARCA:XLF) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 65,554,780 shares, a decline of 7.9% from the July 13th total of 71,167,285 shares. Based on an average daily volume of 59,798,346 shares, the short-interest ratio is currently 1.1 days.

Shares of NYSEARCA XLF opened at $28.17 on Friday. Financial Select Sector SPDR Fund has a one year low of $23.79 and a one year high of $30.33.

Several hedge funds and other institutional investors have recently modified their holdings of XLF. Forsta AP Fonden purchased a new stake in shares of Financial Select Sector SPDR Fund during the 2nd quarter worth $194,145,000. Morgan Stanley boosted its position in shares of Financial Select Sector SPDR Fund by 10.3% in the 2nd quarter. Morgan Stanley now owns 49,826,675 shares of the exchange traded fund’s stock worth $1,324,891,000 after buying an additional 4,657,227 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Financial Select Sector SPDR Fund by 139.2% in the 2nd quarter. TD Asset Management Inc. now owns 7,732,193 shares of the exchange traded fund’s stock worth $205,599,000 after buying an additional 4,500,030 shares in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of Financial Select Sector SPDR Fund in the 2nd quarter worth about $98,226,000. Finally, Schroder Investment Management Group boosted its position in shares of Financial Select Sector SPDR Fund by 50.9% in the 1st quarter. Schroder Investment Management Group now owns 9,237,081 shares of the exchange traded fund’s stock worth $254,667,000 after buying an additional 3,117,127 shares in the last quarter.

Financial Select Sector SPDR Fund Company Profile

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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