In today’s session Consumer Staples Select Sect. SPDR (ETF) (XLP) registered an unusually high (889) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious XLP increase. With 889 contracts traded and 13894 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: XLP161118C00052000 closed last at: $0.56 or 31.7% down. Consumer Staples Select Sect. SPDR (ETF) (NYSEARCA:XLP) has declined 3.13% since April 5, 2016 and is downtrending. It has underperformed by 5.09% the S&P500.
Consumer Staples Select Sector SPDR 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. The ETF has a market cap of $8.44 billion. Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities consisting of the Index. It has a 7.71 P/E ratio. In addition, the Fund may invest in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSgA Funds Management, Inc. (SSgA FM).
XLP Company Profile
Consumer Staples Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Consumer Staples Select Sector of the S&P 500 Index (the Index). The Index includes companies that are primarily involved in the development and production of consumer products that cover food and drug retailing, beverages, food products, tobacco, household products and personal products.
More recent Consumer Staples Select Sect. SPDR (ETF) (NYSEARCA:XLP) news were published by: Etfdailynews.com which released: “Traders Are Betting On A Big Decline In This Consumer Staples ETF” on October 31, 2016. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on May 08, 2015. Nasdaq.com‘s news article titled: “ETF Preview: ETFs, Futures Higher But Wall Street Remains Cautious as U.S …” with publication date: November 08, 2016 was also an interesting one.
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