Technology Select Sector SPDR Fund (XLK) Short Interest Up 18.3% in March

Technology Select Sector SPDR Fund (NYSEARCA:XLK) was the target of a significant increase in short interest during the month of March. As of March 29th, there was short interest totalling 20,751,874 shares, an increase of 18.3% from the March 15th total of 17,538,169 shares. Based on an average daily volume of 17,534,688 shares, the short-interest ratio is presently 1.2 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Technology Select Sector SPDR Fund by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 4,782,639 shares of the exchange traded fund’s stock worth $360,276,000 after acquiring an additional 2,407,742 shares during the period. Rehmann Capital Advisory Group increased its position in shares of Technology Select Sector SPDR Fund by 7,549.5% during the third quarter. Rehmann Capital Advisory Group now owns 2,138,031 shares of the exchange traded fund’s stock worth $28,382,000 after acquiring an additional 2,110,081 shares during the period. Deutsche Bank AG purchased a new position in shares of Technology Select Sector SPDR Fund during the fourth quarter worth approximately $78,511,000. BlackRock Inc. increased its position in shares of Technology Select Sector SPDR Fund by 31.8% during the fourth quarter. BlackRock Inc. now owns 4,253,373 shares of the exchange traded fund’s stock worth $263,624,000 after acquiring an additional 1,025,040 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in shares of Technology Select Sector SPDR Fund during the fourth quarter worth approximately $50,618,000.

Shares of NYSEARCA XLK opened at $77.17 on Wednesday. Technology Select Sector SPDR Fund has a 1 year low of $57.57 and a 1 year high of $77.25.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 18th were paid a $0.2334 dividend. This represents a $0.93 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, March 15th.

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About Technology Select Sector SPDR Fund

Sector SPDR Trust SBI Interest, formerly Technology Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Technology Select Sector of the S&P 500 Index (the Index). The Index includes companies primarily involved in industries, such as information technology (IT) consulting, semiconductor equipment and products, computers and peripherals, diversified telecommunication services and wireless telecommunication services.It utilizes a passive or indexing investment approach to invest in a portfolio of stocks that seek to replicate the Index.

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