Traders Abandoning Hedges on Utilities ETF

On a year-to-date basis, the Utilities Select Sector SPDR (NYSEArca: XLU) has posted a market-lagging 4.3% loss, but since the start of the third quarter, things have been much different for the largest utilities ETF. Since July 1, XLU has surged 8.4%, easily the best performance among the nine...