Short Interest in Consumer Staples Select Sect. SPDR (XLP) Drops By 12.6%

Consumer Staples Select Sect. SPDR (NYSEARCA:XLP) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 35,811,778 shares, a decrease of 12.6% from the February 15th total of 40,991,089 shares. Based on an average daily volume of 12,136,063 shares, the short-interest ratio is presently 3.0 days.

Several institutional investors and hedge funds have recently made changes to their positions in XLP. JPMorgan Chase & Co. boosted its holdings in shares of Consumer Staples Select Sect. SPDR by 146.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,541,009 shares of the exchange traded fund’s stock worth $461,385,000 after acquiring an additional 5,069,957 shares in the last quarter. Quantitative Investment Management LLC acquired a new position in shares of Consumer Staples Select Sect. SPDR in the 4th quarter worth approximately $158,523,000. Ameriprise Financial Inc. boosted its holdings in shares of Consumer Staples Select Sect. SPDR by 157.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,076,127 shares of the exchange traded fund’s stock worth $112,097,000 after acquiring an additional 1,268,751 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Consumer Staples Select Sect. SPDR by 90.2% in the 4th quarter. Two Sigma Advisers LP now owns 2,171,300 shares of the exchange traded fund’s stock worth $123,525,000 after acquiring an additional 1,029,600 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Consumer Staples Select Sect. SPDR by 90.8% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,099,381 shares of the exchange traded fund’s stock worth $119,434,000 after acquiring an additional 998,964 shares in the last quarter.

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Shares of XLP stock traded down $0.54 during trading hours on Friday, hitting $52.42. The company had a trading volume of 13,113,405 shares, compared to its average volume of 16,014,973. Consumer Staples Select Sect. SPDR has a 12 month low of $50.81 and a 12 month high of $58.95.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Monday, March 19th were issued a $0.2986 dividend. This represents a $1.19 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Friday, March 16th.

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About Consumer Staples Select Sect. SPDR

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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