The Select Sector SPDR Trust - State Street Utilities Select Sector SPDR ETF
ARCAXLU, the Utilities Select Sector SPDR, is consolidating the dramatic short unwind flagged in last week's note — shorts have largely stopped retreating, the borrow market has settled into a new equilibrium, and the ETF itself keeps drifting higher. The short-covering story that dominated the June 10 note has mostly run its course. Short interest is holding near 10.5% of the free…
XLU utilization climbs to 95.81%, near 52-week peak, as short sellers crowd into utilities sector ETF.
XLU, the Utilities Select Sector SPDR, is consolidating the dramatic short unwind flagged in last week's note — shorts have largely stopped retreating, the borrow market has settled into a new equilibrium, and the ETF…
XLU, the Utilities Select Sector SPDR, has seen a dramatic reversal in short positioning this week — a meaningful shift from the bearish buildup that defined much of May and early June. The story this week is a rapid…
Snapshot as of 22 Jun 2026
XLU, the Utilities Select Sector SPDR, heads into the first week of June carrying its largest short position in over a month — and the direction of travel is accelerating in one clear direction. Short interest has…
XLU has now shed nearly 4% over the past month, and since the last note published a week ago, the short-side rebuild has continued — SI is up another 5% on the week, and the borrow market is tighter than it was when…
XLU has slipped more than 3.7% over the past month as the broader market's risk appetite recovered — and the borrow market tells a story of rising conviction on the short side. The sharpest move in the data this week…
Three bearish signals have aligned on XLU this week. Short interest is climbing, options traders are piling into puts, and the lending pool is nearly exhausted. Availability on XLU has tightened sharply. Utilization…
Utilities' most-watched ETF enters the week with a striking divergence: short interest in XLU has climbed sharply from its April lows even as the fund itself trades essentially flat, raising the question of whether…
The lending market for XLU has shifted dramatically in one week. Short interest, availability, and cost to borrow are all moving in the same direction — and the signal is hard to ignore. Short interest in the Utilities…
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