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Industrial Select Sector SPDR Fund (NYSEARCA:XLI) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 24,035,524 shares, a drop of 18.7% from the January 15th total of 29,581,290 shares. Based on an average trading volume of 14,897,009 shares, the days-to-cover ratio is currently 1.6 days.
A number of hedge funds and other institutional investors have recently modified their holdings of XLI. First United Bank Trust boosted its position in Industrial Select Sector SPDR Fund by 2.1% in the fourth quarter. First United Bank Trust now owns 9,295 shares of the exchange traded fund’s stock valued at $599,000 after buying an additional 190 shares in the last quarter. Dowling & Yahnke LLC raised its holdings in Industrial Select Sector SPDR Fund by 5.9% in the fourth quarter. Dowling & Yahnke LLC now owns 3,486 shares of the exchange traded fund’s stock worth $253,000 after purchasing an additional 195 shares in the last quarter. National Asset Management Inc. lifted its position in shares of Industrial Select Sector SPDR Fund by 1.0% during the 4th quarter. National Asset Management Inc. now owns 20,902 shares of the exchange traded fund’s stock valued at $1,347,000 after buying an additional 208 shares in the last quarter. Private Asset Management Inc. boosted its holdings in Industrial Select Sector SPDR Fund by 6.6% during the 4th quarter. Private Asset Management Inc. now owns 3,597 shares of the exchange traded fund’s stock valued at $232,000 after acquiring an additional 223 shares during the period. Finally, Hochman Cole Investment Advisors Inc. increased its holdings in shares of Industrial Select Sector SPDR Fund by 1.1% in the fourth quarter. Hochman Cole Investment Advisors Inc. now owns 20,479 shares of the exchange traded fund’s stock valued at $1,319,000 after purchasing an additional 230 shares during the period.
XLI traded up $0.07 during mid-day trading on Friday, reaching $76.41. 12,786,363 shares of the stock were exchanged, compared to its average volume of 12,722,743. Industrial Select Sector SPDR Fund has a 1 year low of $59.92 and a 1 year high of $80.41.
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Industrial Select Sector SPDR Fund Company Profile
Industrial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products.
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