The Consumer Staples Select Sect. SPDR (ETF) (XLP) Sees Large Decline in Short Interest

The Consumer Staples Select Sect. SPDR (ETF) (XLP) Sees Large Decline in Short Interest

Consumer Staples Select Sect. SPDR (ETF) (NYSE:XLP) was the recipient of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 70,677,734 shares, a drop of 11.7% from the December 15th total of 80,029,428 shares. Based on an average daily volume of 9,865,721 shares, the days-to-cover ratio is presently 7.2 days.

Consumer Staples Select Sect. SPDR (NYSE:XLP) opened at 52.24 on Friday. The firm’s 50-day moving average is $51.71 and its 200 day moving average is $53.03. Consumer Staples Select Sect. SPDR has a 12-month low of $48.01 and a 12-month high of $56.02.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 27th. Stockholders of record on Tuesday, December 20th were given a dividend of $0.3858 per share. The ex-dividend date was Friday, December 16th. This is a boost from Consumer Staples Select Sect. SPDR (ETF)’s previous quarterly dividend of $0.30. This represents a $1.54 annualized dividend and a dividend yield of 2.95%.

About Consumer Staples Select Sect. SPDR (ETF)

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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