12.93% More Materials Select Sector Spdr (NYSEARCA:XLB) Shares Shorted

June 29, 2018 - By Arnold Ferreira

It was showed an increase on Materials Select Sector Spdr (NYSEARCA:XLB)’s short interest with 12.93%. FINRA issued in June XLB’s total 13.35M short interest. Previously was reported up change of 12.93% from 11.82 million shares. Previous XLB’s position will need 2 days to recover. It has 5.77 million average volume.

The ETF increased 1.46% or $0.85 during the last trading session, reaching $58.72.Materials Select Sector SPDR ETF has volume of 1.69M shares. Since June 29, 2017 XLB has risen 11.70% and is uptrending. XLB underperformed the S&P500 by 0.87%.

A couple more Materials Select Sector SPDR ETF (NYSEARCA:XLB) news were announced by: Seekingalpha.com which released on June 19, 2018 “JPMorgan strategist upgrades Tech, Consumer Staples; Materials gets downgrade”, also Seekingalpha.com on June 04, 2018 announced “Valuation Dashboard: Materials And Energy – Update”, the next Seekingalpha.com is “Stop Buying Commodities Funds” on June 19, 2018. Seekingalpha.com has article titled “SPDR Active ETF Trust declares quarterly distribution on funds”.

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