The Select Sector SPDR Trust - State Street Materials Select Sector SPDR ETF
ARCAXLB utilization hits 100%, highest in 52 weeks, as available shares to borrow plummet 55% in one week to just 11.7% of short interest.
XLB — the Materials Select Sector SPDR — heads into the back half of September having shed about 3.5% over the past month, closing Tuesday at $50.73. The week's most interesting story isn't what bears are doing right…
The week's central tension on XLB is a story of unfinished business: the short-covering wave that defined August has largely run its course, yet the ETF still dropped nearly 3% on the week — raising the question of…
Snapshot as of 19 Sept 2026
Why this matters: Three distinct signals on XLB are now pointing the same direction. Short sellers are retreating. Options traders are loading up on calls. Yet the cost to borrow is climbing — a notable contradiction…
XLB, the Materials Select Sector SPDR ETF, is navigating a week of partial short-seller retreat — but the lending market has not fully normalised, and the stock has given back ground even as the macro case for…
XLB, the Materials Select Sector SPDR ETF, has reversed course sharply — the brief lending-market relief noted a week ago has evaporated, with short interest jumping and availability collapsing back toward the tight…
XLB, the Materials Select Sector SPDR ETF, sits in an unusual position this week — short interest remains historically elevated at nearly a quarter of the free float, yet the lending market has eased sharply from…
XLB has settled into a holding pattern — short interest remains heavy at 24.4% of free float, but the borrow market's wildest days appear to be behind it, at least for now. The previous note flagged a sharp retreat…
XLB is telling a different story this week — the short squeeze that was building through early July has partially unwound, and the borrow market has loosened materially from its recent extremes. The reversal from last…
XLB enters the second week of July with the short story intensifying on both dimensions: the position is bigger than it has been all year, and the borrow market has snapped tight again after last week's brief…
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