Short Sellers Abandon Some Major XLE Holdings
March 28, 2016 at 06:15 AM EDT
On the back of rising oil prices, the Energy Select Sector SPDR (NYSEArca: XLE) is up more than 3% year-to-date and nearly 9.6% over the past month. Obviously, crude’s resurgence plays a significant in that rally, but short covering of some of the big-name energy stocks held by XLE is another...
