“Per data from Schaeffer’s Quantitative Analyst Chris Prybal, XRT has averaged a March gain of 4.2% since inception — its best month of the year,” according to Schaeffer’s. “That’s followed by an average April gain of 2.8%. From current levels, a 4.2% boost next month would put XRT around $47.24. A subsequent 2.8% burst would have the shares around $48.57 — back near two-year highs.”
XRT features exposure to the following retail industries: Apparel Retail, Automotive Retail, Computer & Electronic Retail, Department Stores, Drug Retail, Food Retailers, General Merchandise Stores, Hypermarkets & Super Centers, Internet & Direct Marketing Retail, and Specialty Stores.
“The ETF’s Schaeffer’s put/call open interest ratio (SOIR) of 2.12 ranks higher than 82% of all other readings from the past year. This indicates that near-term speculators have rarely been more put-biased during the past 12 months,” according to Schaeffer’s.
For more information on the consumer sector, visit our consumer discretionary category.