SPDR S&P Retail (NYSEARCA:XRT) was the target of a significant growth in short interest during the month of January. As of January 12th, there was short interest totalling 26,747,567 shares, a growth of 47.2% from the December 29th total of 18,170,591 shares. Based on an average trading volume of 7,772,927 shares, the days-to-cover ratio is presently 3.4 days.
SPDR S&P Retail (XRT) opened at $48.84 on Monday. The stock has a market cap of $434.69 and a P/E ratio of -11.77. SPDR S&P Retail has a one year low of $37.72 and a one year high of $49.09.
Large investors have recently made changes to their positions in the stock. IHT Wealth Management LLC bought a new position in SPDR S&P Retail in the second quarter valued at approximately $1,094,000. Advisory Services Network LLC boosted its position in SPDR S&P Retail by 7,285.7% in the second quarter. Advisory Services Network LLC now owns 3,102 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 3,060 shares in the last quarter. Covenant Asset Management LLC acquired a new stake in SPDR S&P Retail in the fourth quarter valued at approximately $302,000. Ameriprise Financial Inc. acquired a new stake in SPDR S&P Retail in the second quarter valued at approximately $281,000. Finally, Creative Planning acquired a new stake in SPDR S&P Retail in the fourth quarter valued at approximately $469,000.
SPDR S&P Retail ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Retail Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the retail sub-industry portion of the S&P Total Market Index. The Fund invests in industries, such as apparel retail, automotive retail, food retail, department stores, Internet retail, general merchandise stores, drug retail, and hypermarkets and super centers.
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