Short Interest in Consumer Staples Select Sect. SPDR (ETF) Drops By 11.9% (XLP)
Shares of Consumer Staples Select Sect. SPDR (ETF) (NYSE:XLP) were the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 44,835,402 shares, a drop of 11.9% from the July 15th total of 50,864,341 shares, Stock Ratings Network.com reports. Based on an average trading volume of 9,269,459 shares, the days-to-cover ratio is currently 4.8 days. Approximately 0.0% of the company’s shares are short sold.
Shares of Consumer Staples Select Sect. SPDR (NYSE:XLP) traded up 0.58% on Monday, hitting $44.78. The stock had a trading volume of 4,427,579 shares. Consumer Staples Select Sect. SPDR has a 52 week low of $39.05 and a 52 week high of $45.71. The stock has a 50-day moving average of $44.54 and a 200-day moving average of $43.62.
Consumer Staples Select Sector SPDR Fund (NYSE:XLP) 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).
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