What’s Next for Materials Select Sector Spdr (NYSEARCA:XLB) After Having Less Shares Shorted?

The stock of Materials Select Sector Spdr (NYSEARCA:XLB) registered a decrease of 12.5% in short interest. XLB’s total short interest was 13.39 million shares in July as published by FINRA. Its down 12.5% from 15.30 million shares, reported previously. With 5.77M shares average volume, it will take short sellers 2 days to cover their XLB’s short positions.

The stock increased 0.99% or $0.57 during the last trading session, reaching $58.37. About 4.35 million shares traded. Materials Select Sector SPDR Fund (NYSEARCA:XLB) has declined 8.29% since July 14, 2018 and is downtrending. It has underperformed by 12.72% the S&P500.

More notable recent Materials Select Sector SPDR Fund (NYSEARCA:XLB) news were published by: Seekingalpha.com which released: “S&P Likes Materials ETFs On Emerging Market Demand – Seeking Alpha” on January 08, 2013, also Marketwatch.com with their article: “Mosaic’s stock falls after plans to cut phosphate production by 300,000 tons – MarketWatch” published on March 07, 2019, Seekingalpha.com published: “Tech Stocks Still Lead U.S. Sectors For One-Year Trend – Seeking Alpha” on January 05, 2018. More interesting news about Materials Select Sector SPDR Fund (NYSEARCA:XLB) were released by: Seekingalpha.com and their article: “Mid-Tier Momentum Sectors Can Outperform The S&P 500 – Seeking Alpha” published on September 28, 2018 as well as Seekingalpha.com‘s news article titled: “S&P 500 Sectors: Quant Stats, Optimal Weights And Opportunities – Part II – Seeking Alpha” with publication date: October 27, 2016.

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