The average short interest for S&P 500 Consumer Discretionary Select Sector SPDR Fund ETF (NYSEARCA: XLY) fell by 23 basis points to 2.43% at the end of July from 2.66% at the end of June.
Etsy (ETSY) was the most shorted stock in July at 12.59%, followed by Carmax (KMX) at 11.62% and Pool (POOL) at 8.83%. Short interest in Etsy was up by 10 bps and for Carmax it was down by 1 basis point. While short interest in Pool (POOL) fell by 117 bps compared to last month.
Amazon.com (AMZN) continued to be the least shorted stock in the month with 71.9 million shares sold short or 0.69% of its share float, followed by Home Depot (HD) and Ross Stores (ROST) with short interest of 0.92% and 0.93% respectively.
Industry Analysis:
Hotels, Restaurants & Leisure were the most shorted industries within the sector with 3.79% of short interest as of the end of July, which fell from 4.06% from the end of June.
Leisure Equipment and Products sector stood at the second spot with a short interest of 3.53% as of July 31st, compared to 3.61% a month ago.
The Automobiles and Components sector took the third spot again with a short interest of 3.43% at the end of July, compared to 3.57% a month earlier.
What Quantitative Measures say?
Seeking Alpha’s Quant Rating system gives Consumer Discretionary Select Sector SPDR Fund ETF (XLY) a Strong Sell rating with a score of 1.42.
The ETF has a strong liquidity grade of A+, Expenses grade of A, Dividends grade of B+ and a momentum grade of D-. The ratings system sees risk as a significant threat and assign the ETF a D+ grade in the category.
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