Health Care SPDR (XLV) Sees Significant Drop in Short Interest

Health Care SPDR (NYSEARCA:XLV) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 20,940,920 shares, a decrease of 11.0% from the February 28th total of 23,522,640 shares. Based on an average daily trading volume, of 8,501,176 shares, the short-interest ratio is currently 2.5 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Front Row Advisors LLC purchased a new stake in shares of Health Care SPDR in the fourth quarter valued at about $104,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Health Care SPDR in the fourth quarter valued at about $116,000. Cerebellum GP LLC purchased a new stake in shares of Health Care SPDR in the fourth quarter valued at about $128,000. WealthTrust Arizona LLC purchased a new stake in shares of Health Care SPDR in the fourth quarter valued at about $129,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Health Care SPDR in the fourth quarter valued at about $131,000.

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XLV opened at $81.40 on Monday. Health Care SPDR has a 1-year low of $73.16 and a 1-year high of $91.79.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Monday, March 19th were issued a dividend of $0.2997 per share. The ex-dividend date was Friday, March 16th. This represents a $1.20 annualized dividend and a yield of 1.47%.

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About Health Care SPDR

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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