Industrial Select Sector SPDR Fund (NYSEARCA:XLI) Short Interest Up 17.4% in November

Industrial Select Sector SPDR Fund (NYSEARCA:XLI) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 27,120,196 shares, an increase of 17.4% from the November 15th total of 23,105,773 shares. Based on an average daily trading volume, of 8,495,334 shares, the short-interest ratio is currently 3.2 days.

Several hedge funds and other institutional investors have recently bought and sold shares of XLI. Orleans Capital Management Corp LA increased its stake in shares of Industrial Select Sector SPDR Fund by 1.0% in the second quarter. Orleans Capital Management Corp LA now owns 5,275 shares of the exchange traded fund’s stock worth $359,000 after acquiring an additional 50 shares during the period. Cetera Investment Advisers increased its stake in shares of Industrial Select Sector SPDR Fund by 1.3% in the second quarter. Cetera Investment Advisers now owns 6,318 shares of the exchange traded fund’s stock worth $431,000 after acquiring an additional 79 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Industrial Select Sector SPDR Fund by 3.0% in the second quarter. Flagship Harbor Advisors LLC now owns 3,329 shares of the exchange traded fund’s stock worth $229,000 after acquiring an additional 96 shares during the period. Peapack Gladstone Financial Corp increased its stake in shares of Industrial Select Sector SPDR Fund by 1.7% in the second quarter. Peapack Gladstone Financial Corp now owns 6,982 shares of the exchange traded fund’s stock worth $476,000 after acquiring an additional 120 shares during the period. Finally, Apriem Advisors increased its stake in shares of Industrial Select Sector SPDR Fund by 2.5% in the second quarter. Apriem Advisors now owns 5,584 shares of the exchange traded fund’s stock worth $380,000 after acquiring an additional 135 shares during the period.

Industrial Select Sector SPDR Fund (NYSEARCA XLI) traded up $1.00 during trading on Thursday, reaching $79.43. 9,448,279 shares of the company’s stock traded hands, compared to its average volume of 12,793,829. Industrial Select Sector SPDR Fund has a 12 month low of $62.37 and a 12 month high of $79.46. The stock has a market cap of $13,990.00 and a PE ratio of 10.73.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th were given a $0.4017 dividend. This represents a $1.61 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Friday, December 15th. This is a boost from Industrial Select Sector SPDR Fund’s previous quarterly dividend of $0.32. Industrial Select Sector SPDR Fund’s dividend payout ratio is presently 18.11%.

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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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