Short Interest in Consumer Staples Select Sect. SPDR (NYSE:XLP) Declines By 14.6%

Consumer Staples Select Sect. SPDR (NYSE:XLP) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 36,576,597 shares, a decrease of 14.6% from the June 15th total of 42,828,141 shares. Based on an average daily trading volume, of 11,769,648 shares, the days-to-cover ratio is presently 3.1 days.

Shares of Consumer Staples Select Sect. SPDR (NYSE XLP) opened at 55.12 on Friday. The company has a 50 day moving average price of $55.01 and a 200 day moving average price of $55.00. Consumer Staples Select Sect. SPDR has a 12-month low of $49.98 and a 12-month high of $57.36.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. increased its position in Consumer Staples Select Sect. SPDR by 5,318.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 617,146 shares of the exchange traded fund’s stock valued at $33,905,000 after buying an additional 605,757 shares during the last quarter. SG Americas Securities LLC increased its position in Consumer Staples Select Sect. SPDR by 1,274.9% in the second quarter. SG Americas Securities LLC now owns 233,685 shares of the exchange traded fund’s stock valued at $12,839,000 after buying an additional 216,689 shares during the last quarter. MML Investors Services LLC bought a new position in Consumer Staples Select Sect. SPDR during the second quarter valued at about $11,534,000. Brookstone Capital Management increased its position in Consumer Staples Select Sect. SPDR by 4,693.4% in the second quarter. Brookstone Capital Management now owns 177,884 shares of the exchange traded fund’s stock valued at $9,773,000 after buying an additional 174,173 shares during the last quarter. Finally, Hanlon Investment Management Inc. increased its position in Consumer Staples Select Sect. SPDR by 914.6% in the second quarter. Hanlon Investment Management Inc. now owns 180,324 shares of the exchange traded fund’s stock valued at $9,907,000 after buying an additional 162,551 shares during the last quarter.

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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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