Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) Short Interest Update

Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) was the target of a large decline in short interest in 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. Based on an average daily trading volume, of 10,933,273 shares, the short-interest ratio is presently 1.8 days. Approximately 11.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Consumer Staples Select Sector SPDR Fund

A number of institutional investors and hedge funds have recently bought and sold shares of XLP. Eastern Bank increased its position in Consumer Staples Select Sector SPDR Fund by 554.3% during the second quarter. Eastern Bank now owns 301 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 255 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Consumer Staples Select Sector SPDR Fund in the fourth quarter valued at $25,000. Signature Resources Capital Management LLC boosted its stake in shares of 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 acquiring an additional 260 shares during the last quarter. Ankerstar Wealth LLC acquired a new stake in shares of Consumer Staples Select Sector SPDR Fund during the fourth quarter valued at $28,000. Finally, Piscataqua Savings Bank boosted its stake in shares of Consumer Staples Select Sector SPDR Fund by 47.3% during the fourth quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 130 shares during the last quarter.

Consumer Staples Select Sector SPDR Fund Trading Down 0.5%

NYSEARCA:XLP opened at $85.05 on Friday. The company has a market capitalization of $15.00 billion, a P/E ratio of 20.82 and a beta of 0.47. The firm has a 50-day moving average price of $84.22 and a two-hundred day moving average price of $84.26. Consumer Staples Select Sector SPDR Fund has a twelve month low of $75.16 and a twelve month high of $90.14.

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.