Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP – Get Free Report) saw a significant drop in short interest in 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. Currently, 11.5% of the shares of the stock are sold short. Based on an average trading volume of 10,933,273 shares, the days-to-cover ratio is currently 1.8 days.
Hedge Funds Weigh In On Consumer Staples Select Sector SPDR Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eastern Bank increased its holdings in shares of 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 acquired a new position in shares of Consumer Staples Select Sector SPDR Fund in the 4th quarter worth approximately $25,000. Signature Resources Capital Management LLC boosted 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 acquiring an additional 260 shares in the last quarter. Ankerstar Wealth LLC acquired a new position in shares of Consumer Staples Select Sector SPDR Fund in the 4th quarter worth approximately $28,000. Finally, Piscataqua Savings Bank grew its position in Consumer Staples Select Sector SPDR Fund by 47.3% during the 4th quarter. Piscataqua Savings Bank now owns 405 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 130 shares during the last quarter.
Consumer Staples Select Sector SPDR Fund Price Performance
Shares of XLP traded down $1.88 during trading hours 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 company’s fifty day moving average is $84.19 and its two-hundred day moving average is $84.22. 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 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 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.
Featured Stories
- Five stocks we like better than Consumer Staples Select Sector SPDR Fund
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for Consumer Staples Select Sector SPDR Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Staples Select Sector SPDR Fund and related companies with MarketBeat.com's FREE daily email newsletter.
