Consumer Staples Select Sect. SPDR (XLP) Short Interest Down 12.6% in February

Consumer Staples Select Sect. SPDR (NYSEARCA:XLP) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 35,811,778 shares, a drop of 12.6% from the February 15th total of 40,991,089 shares. Based on an average trading volume of 12,136,063 shares, the short-interest ratio is presently 3.0 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XLP. Pictet Asset Management Ltd. purchased a new position in Consumer Staples Select Sect. SPDR during the 3rd quarter worth $1,171,000. Crossmark Global Holdings Inc. purchased a new position in Consumer Staples Select Sect. SPDR during the 3rd quarter worth $749,000. Bank of New York Mellon Corp increased its holdings in Consumer Staples Select Sect. SPDR by 17.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 34,206 shares of the exchange traded fund’s stock worth $1,847,000 after purchasing an additional 5,108 shares during the period. Commonwealth Equity Services Inc increased its holdings in shares of Consumer Staples Select Sect. SPDR by 11.0% in the 3rd quarter. Commonwealth Equity Services Inc now owns 392,839 shares of the exchange traded fund’s stock valued at $21,205,000 after acquiring an additional 38,835 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Consumer Staples Select Sect. SPDR by 201.2% in the 3rd quarter. SG Americas Securities LLC now owns 703,972 shares of the exchange traded fund’s stock valued at $38,000,000 after acquiring an additional 470,287 shares during the period.

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Shares of Consumer Staples Select Sect. SPDR (XLP) opened at $53.25 on Friday. Consumer Staples Select Sect. SPDR has a one year low of $52.43 and a one year high of $58.95. The stock has a market capitalization of $8,070.00 and a P/E ratio of 7.81.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Monday, March 19th will be issued a dividend of $0.2986 per share. The ex-dividend date is Friday, March 16th. This represents a $1.19 annualized dividend and a yield of 2.24%. Consumer Staples Select Sect. SPDR’s payout ratio is currently 21.85%.

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Consumer Staples Select Sect. SPDR 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.

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