SPDR S&P Aerospace & Defense ETF (XAR) Short Interest Update

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 3,299,689 shares, a growth of 99.3% from the February 15th total of 1,655,836 shares. Based on an average daily volume of 319,731 shares, the days-to-cover ratio is currently 10.3 days.

Several institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its position in shares of SPDR S&P Aerospace & Defense ETF by 7.9% during the 3rd quarter. Morgan Stanley now owns 562,856 shares of the company’s stock worth $56,033,000 after purchasing an additional 41,018 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of SPDR S&P Aerospace & Defense ETF by 52.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 392,218 shares of the company’s stock worth $30,954,000 after purchasing an additional 135,234 shares in the last quarter. LPL Financial LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 31.5% during the 3rd quarter. LPL Financial LLC now owns 364,662 shares of the company’s stock worth $36,302,000 after purchasing an additional 87,423 shares in the last quarter. Cumberland Advisors Inc. increased its position in shares of SPDR S&P Aerospace & Defense ETF by 98.0% during the 4th quarter. Cumberland Advisors Inc. now owns 203,525 shares of the company’s stock worth $16,062,000 after purchasing an additional 100,730 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of SPDR S&P Aerospace & Defense ETF by 2.9% during the 3rd quarter. Wells Fargo & Company MN now owns 127,857 shares of the company’s stock worth $12,728,000 after purchasing an additional 3,647 shares in the last quarter.

Shares of SPDR S&P Aerospace & Defense ETF stock opened at $91.73 on Wednesday. SPDR S&P Aerospace & Defense ETF has a 12-month low of $73.23 and a 12-month high of $101.22.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Tuesday, March 19th will be given a dividend of $0.1585 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.69%. This is a boost from SPDR S&P Aerospace & Defense ETF’s previous quarterly dividend of $0.14.

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