The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) Sees Large Decline in Short Interest

The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 10,529 shares, a drop of 55.3% from the May 14th total of 23,529 shares. Currently, 8.8% of the company’s stock are sold short. Based on an average trading volume of 5,635 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On The Consumer Staples Select Sector SPDR Premium Income Fund

A hedge fund recently bought a new stake in The Consumer Staples Select Sector SPDR Premium Income Fund stock. WealthShield Partners LLC bought a new stake in shares of The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,280 shares of the ETF’s stock, valued at approximately $30,000. WealthShield Partners LLC owned about 1.16% of The Consumer Staples Select Sector SPDR Premium Income Fund at the end of the most recent quarter.

The Consumer Staples Select Sector SPDR Premium Income Fund Price Performance

Shares of XLSI traded up $0.15 on Friday, hitting $23.83. 13,374 shares of the stock traded hands, compared to its average volume of 6,336. The Consumer Staples Select Sector SPDR Premium Income Fund has a one year low of $22.70 and a one year high of $25.74.

State Street Consumer Staples Select Sector SPDR Premium Income ETF is an exchange-traded fund managed by State Street Global Advisors that offers investors targeted exposure to the consumer staples sector with an emphasis on income generation.

As a sector-focused SPDR product, XLSI is designed to provide access to companies engaged in the production, distribution and retailing of essential consumer goods such as food and beverages, household products, personal care items and related services.

The fund holds a portfolio of consumer staples equities and is structured to combine sector exposure with an options-based income component.