Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Sees Significant Decline in Short Interest

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

Consumer Staples Select Sector SPDR Fund Stock Down 0.3%

Shares of NYSEARCA XLP traded down $0.27 during midday trading on Friday, hitting $85.20. 7,958,940 shares of the company’s stock were exchanged, compared to its average volume of 16,237,987. The company’s 50 day moving average price is $84.21 and its 200 day moving average price is $84.26. Consumer Staples Select Sector SPDR Fund has a 12 month low of $75.16 and a 12 month high of $90.14. The firm has a market capitalization of $14.75 billion, a PE ratio of 20.82 and a beta of 0.47.

Institutional Trading of Consumer Staples Select Sector SPDR Fund

Several institutional investors have recently added to or reduced their stakes in the company. Eastern Bank boosted its position in shares of 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 valued at $25,000 after acquiring an additional 255 shares during the period. Bank of Jackson Hole Trust bought a new position in Consumer Staples Select Sector SPDR Fund in the fourth quarter valued at approximately $25,000. Signature Resources Capital Management LLC raised its position in Consumer Staples Select Sector SPDR Fund by 325.0% during the fourth quarter. Signature Resources Capital Management LLC now owns 340 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 260 shares in the last quarter. Ankerstar Wealth LLC acquired a new stake in shares of Consumer Staples Select Sector SPDR Fund in the 4th quarter valued at $28,000. Finally, Piscataqua Savings Bank boosted its holdings in shares of Consumer Staples Select Sector SPDR Fund by 47.3% in the 4th quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter.

About Consumer Staples Select Sector SPDR Fund

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.