Shares of Utilities SPDR (NYSE:XLU) were the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totalling 52,910,434 shares, a growth of 26.0% from the February 27th total of 41,977,244 shares, AmericanBankingNews.com reports. Based on an average trading volume of 16,420,708 shares, the days-to-cover ratio is presently 3.2 days.
Utilities SPDR (NYSE:XLU) opened at 44.55 on Friday. Utilities SPDR has a 1-year low of $40.07 and a 1-year high of $49.78. The stock’s 50-day moving average is $44. and its 200-day moving average is $45..