Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Short Interest Down 39.6% in July

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 19,521,674 shares, a decline of 39.6% from the June 30th total of 32,326,987 shares. Approximately 11.5% of the shares of the company are short sold. Based on an average daily volume of 10,933,273 shares, the short-interest ratio is currently 1.8 days.

Consumer Staples Select Sector SPDR Fund Trading Down 2.1%

XLP stock traded down $1.88 during midday trading on Thursday, hitting $85.48. The stock had a trading volume of 15,276,756 shares, compared to its average volume of 16,272,113. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 20.82 and a beta of 0.47. Consumer Staples Select Sector SPDR Fund has a 52 week low of $75.16 and a 52 week high of $90.14. The stock has a 50-day simple moving average of $84.19 and a 200 day simple moving average of $84.22.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Several institutional investors have recently made changes to their positions in the business. Eastern Bank raised its position in Consumer Staples Select Sector SPDR Fund by 554.3% in the second quarter. Eastern Bank now owns 301 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 255 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 4th quarter valued at approximately $25,000. Signature Resources Capital Management LLC raised its holdings in shares of Consumer Staples Select Sector SPDR Fund by 325.0% in the 4th quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 260 shares in the last quarter. Ankerstar Wealth LLC bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the 4th quarter worth approximately $28,000. Finally, Financial Management Professionals Inc. bought a new position in shares of Consumer Staples Select Sector SPDR Fund during the 2nd quarter worth approximately $33,000.

Consumer Staples Select Sector SPDR Fund Company Profile

Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Consumer Staples Select Sector Index (the Index).The Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index.