Consumer Staples Select Sect. SPDR (NYSE:XLP) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 44,334,594 shares, an increase of 9.4% from the August 15th total of 40,508,598 shares. Based on an average trading volume of 7,229,138 shares, the days-to-cover ratio is presently 6.1 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wrapmanager Inc. boosted its holdings in Consumer Staples Select Sect. SPDR by 0.8% in the 2nd quarter. Wrapmanager Inc. now owns 4,987 shares of the exchange traded fund’s stock worth $274,000 after acquiring an additional 39 shares during the period. First Midwest Bank Trust Division boosted its holdings in Consumer Staples Select Sect. SPDR by 1.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 4,940 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 60 shares during the period. JT Stratford LLC boosted its holdings in Consumer Staples Select Sect. SPDR by 0.6% in the 2nd quarter. JT Stratford LLC now owns 12,549 shares of the exchange traded fund’s stock worth $689,000 after acquiring an additional 74 shares during the period. Parallel Advisors LLC boosted its holdings in Consumer Staples Select Sect. SPDR by 1.1% in the 2nd quarter. Parallel Advisors LLC now owns 8,362 shares of the exchange traded fund’s stock worth $463,000 after acquiring an additional 88 shares during the period. Finally, Lucas Capital Management boosted its holdings in Consumer Staples Select Sect. SPDR by 2.6% in the 2nd quarter. Lucas Capital Management now owns 3,995 shares of the exchange traded fund’s stock worth $219,000 after acquiring an additional 100 shares during the period.

Shares of Consumer Staples Select Sect. SPDR (NYSE:XLP) opened at 54.60 on Thursday. Consumer Staples Select Sect. SPDR has a one year low of $49.98 and a one year high of $57.36. The company has a 50-day moving average of $55.19 and a 200 day moving average of $55.28.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.346 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, September 15th.

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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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