Investors Buy SPDR S&P Retail (ETF) (XRT) on Weakness
Investors bought shares of SPDR S&P Retail (ETF) (NYSE:XRT) on weakness during trading on Friday. $25.53 million flowed into the stock on the tick-up and $17.24 million flowed out of the stock on the tick-down, for a money net flow of $8.29 million into the stock. Of all stocks tracked, SPDR S&P Retail (ETF) had the 16th highest net in-flow for the day. SPDR S&P Retail (ETF) traded down ($0.34) for the day and closed at $45.02
Several equities research analysts recently issued reports on XRT shares. Cowen and Company reaffirmed a “market perform” rating on shares of SPDR S&P Retail (ETF) in a research note on Tuesday, July 26th. Piper Jaffray Cos. reaffirmed a “neutral” rating on shares of SPDR S&P Retail (ETF) in a research note on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold”.
The firm has a 50-day moving average of $44.78 and a 200 day moving average of $43.60.
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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