Consumer Staples Select Sect. SPDR (NYSE:XLP) saw a large increase in short interest in the month of July. As of July 14th, there was short interest totalling 44,151,370 shares, an increase of 20.7% from the June 30th total of 36,576,597 shares. Based on an average trading volume of 9,358,809 shares, the short-interest ratio is currently 4.7 days.

Hedge funds have recently added to or reduced their stakes in the stock. Mutual of Omaha Bank Wealth Management acquired a new stake in Consumer Staples Select Sect. SPDR during the second quarter valued at approximately $207,000. CAPROCK Group Inc. acquired a new stake in Consumer Staples Select Sect. SPDR during the second quarter valued at approximately $226,000. Bessemer Group Inc. raised its stake in Consumer Staples Select Sect. SPDR by 185.0% in the second quarter. Bessemer Group Inc. now owns 4,585 shares of the exchange traded fund’s stock valued at $252,000 after buying an additional 2,976 shares in the last quarter. First Midwest Bank Trust Division raised its stake in Consumer Staples Select Sect. SPDR by 1.2% in the second quarter. First Midwest Bank Trust Division now owns 4,940 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 60 shares in the last quarter. Finally, Montecito Bank & Trust raised its stake in Consumer Staples Select Sect. SPDR by 53.7% in the second quarter. Montecito Bank & Trust now owns 6,366 shares of the exchange traded fund’s stock valued at $349,000 after buying an additional 2,224 shares in the last quarter.

Shares of Consumer Staples Select Sect. SPDR (XLP) opened at 55.34 on Friday. The stock’s 50 day moving average is $55.33 and its 200-day moving average is $54.79. Consumer Staples Select Sect. SPDR has a 52-week low of $49.98 and a 52-week high of $57.36.

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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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